Chokehold: How Iran’s Blockade of the Strait of Hormuz Is Breaking the World’s Economy – and the Western Alliance With It
Nearly 2,000 vessels are stranded on both sides of the Strait of Hormuz due to Iran's blockade, severely impacting global trade. The conflict between Iran, the US, and Israel has resulted in significant human costs, with over 1,937 people killed and 24,800 injured in Iran alone.
The war between Iran, the US, and Israel has brought global trade to a standstill, with nearly 2,000 vessels stranded on both sides of the Strait of Hormuz. The conflict escalated after US and Israeli forces launched coordinated strikes on February 28, 2026, killing Supreme Leader Ali Khamenei. Iran's Health Ministry reported at least 1,937 people killed and over 24,800 injured, including 1,621 children. The conflict has spread across at least a dozen countries, with over 2,300 people killed. Iran has invoked the right to self-defence under the UN Charter, while the UN Secretary-General condemned both sides' actions, warning of a grave threat to international peace and security. The blockade of the Strait of Hormuz has had severe economic consequences, with energy companies invoking force majeure and Iraq cutting oil production.
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