Allied Responsibility: Trump insisted that countries relying on the waterway for energy should "take the lead" in reopening it themselves.

Allied Responsibility: Trump insisted that countries relying on the waterway for energy should "take the lead" in reopening it themselves.

Economic Stance: He downplayed the U.S. need for the strait, suggesting that increased domestic oil exports could serve as an alternative to Middle Eastern supplies.

 

Impact on Global Shipping and Energy

The closure of the Strait of Hormuz continues to block roughly 20% of the world's oil and LNG supply.

 

Vessel Gridlock: Reports indicate that between 2,000 and 3,000 ships are currently stranded or waiting to pass through the region.

Supply Chain Disruptions: Logistics giants like Maersk are deploying emergency land-bridge and sea-air solutions to bypass the Gulf.

Worst-Case Forecasts: If the strait remains closed for another six to eight weeks, energy consultancies warned prices could reach $150 to $200 a barrel.