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Controlled Passage: First Ships Edge Through Hormuz as Crisis Redefines Global Shipping

A small number of merchant vessels have begun edging back through the Strait of Hormuz, offering the first visible signs of movement after weeks of disruption. But far from signalling recovery, these carefully managed transits are exposing a deeper and more unsettling shift: one of the world’s most critical shipping lanes is no longer operating under normal commercial rules.

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U.S. Intel Warns Iran Has No Incentive to Reopen Hormuz as Oil Leverage Grows

Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip on the world’s most vital oil artery provides the only real leverage it has over the United States, according to three sources familiar with the matter.

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U.S. Doubles Hormuz Insurance Backstop to $40B in Hopes of Luring Ships Back

The Trump administration has doubled its maritime insurance backstop to $40 billion, expanding a flagship effort to restart commercial shipping through the Strait of Hormuz—even as shipowners continue to largely stay away.