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Inside The Strait Of Hormuz Crisis— Here's How Major Shipping Disruptions Will Impact You
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March 4, 2026
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18:54Now PlayingSince the United States and Israel launched a joint attack on Iran, there have been major disruptions to shipping in the Strait of Hormuz – the waterway where around 20% of the world’s oil supply and a tremendous amount of its gas travels through. Iran reportedly announced that the Strait was closed on Monday, and if any tankers tried to go through they would set them on fire. Multiple big shipping companies have since suspended passage through this strategic waterway. David Warrick, an executive vice president at Overhaul, joined “Forbes Newsroom” to discuss the impact the war in Iran has had on global trade.
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