The ongoing conflict involving Iran has left approximately 3,000 ships from various countries stranded in the Strait of Hormuz, significantly disrupting global trade and shipping.
According to Iranian media, the closure of the Strait of Hormuz has compelled transport companies to seek alternative, longer land routes, resulting in transportation costs increasing by as much as 200% and delivery times being delayed by up to three times. Iran asserts that the Strait of Hormuz has only been closed to countries deemed aggressive. Other nations can still contact Iranian authorities to arrange for their ships to pass through.
Meanwhile, reports from Indian media indicate that at least 18 Indian-flagged vessels, including those carrying LPG, crude oil, and LNG, are stranded in the Strait of Hormuz. Additionally, other maritime areas in the Persian Gulf have been classified as high-risk zones. Experts have warned that the closure of this crucial trade route could potentially lead to an energy crisis in several countries in the region, including India.
