The Global Shipping Crisis: 14 Weeks of the Persian Gulf Blockade
June 7, 2026
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37:05Now PlayingThe Global Shipping Crisis: 14 Weeks of the Persian Gulf Blockade
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as posted by the channelIt’s Week 14 of the conflict in the Persian Gulf, and despite talks of a "ceasefire," the reality on the water tells a different story. From US strikes against Iranian shore placements to drone attacks in Kuwait, the maritime "artery" of the world is being squeezed, and the global economy is starting to feel the damage.
In this weekly recap, Sal Mercogliano breaks down the latest developments in the Strait of Hormuz and the Gulf of Oman, examining how competing blockades are reshaping trade routes and sending shipping rates through the roof.
In this episode:
⚓️The Blockade Battle: A look at the competing US and Iranian blockades and how they are restricting passage through one of the world's most critical chokepoints.
⚓️Shipping Rates Explode: Why container rates are surging by 40-50% as importers frontload goods to avoid fuel surcharges and impending tariffs.
⚓️The Oil Crisis by the Numbers: Analyzing the collapse of Iranian crude exports and the growing 14-million-barrel-a-day gap in the global supply.
⚓️The "Shadow Fleet" Crackdown: How France and other nations are targeting Russian and Iranian dark fleet tankers.
⚓️A Perfect Storm: Just as the Gulf crisis intensifies, the Panama Canal announces new draft limits—are we heading toward a global shipping deadlock?
Contact What's Going on With Shipping via:
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Twitter: @mercoglianos
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Facebook: @wgowshipping
Email: mercoglianosal@gmail.com
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