Brief by Shorts91 Newsdesk / 07:00am on 25 Mar 2026,Wednesday International
The Strait of Hormuz remains open but tightly controlled by Iran during the ongoing war. Shipping has dropped sharply, with only a few vessels allowed through daily. Around 20 ships have been attacked for crossing without permission. Reports suggest Iran may charge up to $2 million per tanker, though Tehran denies this. Vessels must share details and get clearance before entry. Many ships are now waiting near the strait. Insurance costs have also surged due to rising risks. About 20% of global oil passes through this route. The situation has made transport slower, costlier, and more uncertain for global energy supply. (PC: India Today)
