Strait of Hormuz: Severely Restricted Multiple carriers rerouting via Cape of Good Hope Brent Crude above $90 per barrel Indian refineries on supply watch War risk premiums at multi-year highs Asia-Europe spot rates rising on rerouting pressure Strait of Hormuz: Severely Restricted Multiple carriers rerouting via Cape of Good Hope Brent Crude above $90 per barrel Indian refineries on supply watch War risk premiums at multi-year highs Asia-Europe spot rates rising on rerouting pressure
Strait Status
Threat Level
Days Disrupted
Strait of Hormuz Intelligence Hub
Tankers
Container
LNG / LPG
Bulk
Naval
Live AIS via VesselFinder.com
Daily Oil in Transit
~17M bbl
EIA 2024
Share of Global Oil Trade
~20%
EIA
Share of Global LNG Trade
~30%
IGU 2024
Cape Reroute Extra Days
+14
vs Hormuz route
Annual Trade Value
$1T+
EIA estimate
Vessels Waiting and in Transit

Normal daily throughput through the strait is 50 to 60 vessels. Current figures reflect a significant reduction from baseline. All numbers are estimates based on available AIS and intelligence data.

Vessel Type Waiting (Est.) Avg Wait Normal Daily Current Daily Flag States
Crude Tankers (VLCC / Suezmax)60+4 to 7 days18 to 204 to 6Panama, Marshall Islands, Bahamas
LNG / LPG Carriers25+5 to 8 days10 to 122 to 3Marshall Islands, Bahamas, Liberia
Product Tankers30+3 to 5 days12 to 153 to 5Panama, Malta, Greece
Container Vessels20+3 to 6 days8 to 102 to 4Panama, Liberia, Hong Kong
Bulk Carriers10+2 to 4 days8 to 104 to 6Marshall Islands, Hong Kong, Panama
Sources: MarineTraffic / Lloyd's List Intelligence / Kpler
Before and After

Key metrics against Q4 2025 pre-crisis averages.

Q4 2025 Baseline
April 2026
Daily Transits
50 to 60
Vessels per day, normal conditions
Daily Transits
15 to 20
Down sharply due to military risk and suspensions
Brent Crude
~$72
USD/bbl, Nov to Dec 2025 average
Brent Crude
$90+
USD/bbl, April 2026
War Risk Premium
0.05%
Of insured vessel value, per voyage
War Risk Premium
0.5 to 1%
10 to 20x pre-crisis level
Asia-Europe SCFI
~$1,800
USD per TEU, November 2025
Asia-Europe SCFI
$3,500+
USD per TEU, estimated April 2026
VLSFO Bunker (Singapore)
~$570
USD/mt, Q4 2025
VLSFO Bunker (Singapore)
~$680+
USD/mt, estimated April 2026
Cape Rerouting Cost Add
N/A
Hormuz was standard for Asia-Europe
Cape Rerouting Cost Add
$400K+
Extra fuel and operating cost per voyage
Sources: SCFI / EIA / Ship and Bunker / Lloyd's of London
Energy and Freight Markets

Brent and WTI update daily via Alpha Vantage. Remaining figures are updated by the Cargo Insights desk.

Brent Crude
--
USD per barrel
Alpha Vantage / EIA
WTI Crude
--
USD per barrel
Alpha Vantage / NYMEX
LNG Spot Asia (JKM)
$14 to 16
USD per MMBtu
↑ Carrier diversion pressure
Platts JKM
VLSFO Bunker (Singapore)
~$680
USD per metric tonne
↑ Up from ~$570 in Q4 2025
Ship and Bunker
Asia-Europe SCFI
$3,500+
USD per TEU
↑ Rerouting pressure on spot rates
Shanghai Shipping Exchange
War Risk Premium (Hormuz)
0.5 to 1%
% of vessel value, per voyage
↑ Was 0.05% pre-crisis
Lloyd's of London
Carrier Status Board

Based on carrier advisories and published shipping intelligence. Updated as advisories are issued.

Carrier Status Route Action Advisory Surcharge Source
MaerskReroutingCape of Good HopeYesEBS + THCmaersk.com
MSCSuspendedCape of Good HopeYesEBSmsc.com
CMA CGMReroutingCape of Good HopeYesES announcedcmacgm-group.com
Hapag-LloydReroutingCape of Good HopeYesPSS + ECAhapag-lloyd.com
EvergreenMonitoringCase by casePartialUnder reviewevergreen-marine.com
ONEReroutingCape of Good HopeYesEBS appliedone-line.com
COSCOMonitoringSelective, with escortInternalNot announcedcosco.com
PILSuspendedCape of Good HopeYesRate reviewpilship.com
Yang MingMonitoringCase by casePartialUnder reviewyangming.com
OOCLReroutingCape of Good HopeYesEBS announcedoocl.com
6
Rerouting
2
Suspended
3
Monitoring
7
EBS Issued
Lloyd's List / Freightos / Alphaliner / carrier advisory pages
India Trade Exposure

India imports approximately 85% of its crude requirements. Gulf states supply roughly 60% of those imports, the bulk transiting the Strait of Hormuz. A sustained disruption puts refinery feedstock, LPG supply, and fertiliser imports at direct risk.

85%
Crude Import Dependency
India imports 85% of its crude oil needs, with Gulf states as the primary source.
4.5M
Barrels Per Day
India's daily crude import volume. Refinery buffer strains within 15 to 20 days in a full closure scenario.
~67
Days Strategic Reserve
SPR capacity at Vishakhapatnam, Mangaluru, and Padur totals ~5.33 MMT.
40%
LPG Import Exposure
India sources 40 to 45% of LPG from Gulf states. Household cooking gas supply is among the most exposed categories.
Commodities at Risk via Hormuz
Crude Oil~60% from Gulf
LPG40 to 45% Gulf origin
Fertilisers (Urea / DAP)Significant Gulf / Iran origin
PetrochemicalsUAE and Saudi Arabia
LNGQatar primary supplier
Key Gulf Crude Suppliers (2024)
Iraq~22%, largest single supplier
Saudi Arabia~16%
UAE~7%
Kuwait~5 to 6%
Qatar (LNG)Primary LNG supplier
PortPrimary Hormuz CargoKey OperatorsStatus
Mundra, GujaratCrude, containers, chemicalsNayara Energy, HPCL
JNPT / Nhava ShevaContainers, chemicalsMultiple lines, JNPADelays Expected
Hazira, GujaratLNG, chemicalsShell LNG terminal, GAIL
Kochi, KeralaCrude oilBPCL Kochi RefineryReserve Buffer Active
Paradip, OdishaCrude oilIndian Oil Corporation
PPAC / ISPRL / Ministry of Petroleum and Natural Gas / IOCL / BPCL / HPCL annual reports / Kpler
Surcharge Tracker

Emergency surcharges announced in response to Hormuz disruption and Cape rerouting costs. Amounts are indicative ranges. Verify with your carrier before commercial decisions.

CarrierSurchargeAmount (Indicative)Trade LanesEffective
MaerskEBS$200 to $400 / TEUAsia-Middle East-Europe, India-EuropeApr 2026
MSCEBS$250 to $450 / TEUAsia-Europe, India subcontinentApr 2026
CMA CGMEmergency Surcharge$200 to $350 / TEUFar East-Europe, India-EuropeApr 2026
Hapag-LloydPSS + ECA$300 to $500 / TEUAsia-Europe, Intra-AsiaApr 2026
ONEEBS$180 to $350 / TEUAsia-Europe, OceaniaApr 2026
OOCLEBS$200 to $400 / TEUAsia-EuropeApr 2026
Freightos / Xeneta / Drewry / carrier advisory pages
Desk Updates
21 Apr 2026
09:30
India
India's Ministry of Petroleum confirms refineries are operating on existing inventory. PPAC is tracking Gulf-origin vessel movements. No shortage declared.
20 Apr 2026
18:45
Carriers
OOCL confirms Cape of Good Hope rerouting on Asia-Europe services. Crew safety and escalating war risk premiums cited.
20 Apr 2026
14:10
Energy
Brent holds above $90. Goldman Sachs and JP Morgan flag $100+ if disruption extends beyond 30 days.
19 Apr 2026
11:00
Conflict
Iran issues transit warning to tankers without IRISL clearance. US Fifth Fleet confirms increased Gulf of Oman presence. Multiple VLCC masters instructed to hold at anchorage.
18 Apr 2026
16:30
Policy
Qatar's energy minister confirms LNG export commitments to Asian buyers remain intact. Qatar Petroleum working with buyers on contingency routing.
17 Apr 2026
09:00
India
Iran War: Inside the Logistics Crisis of 2026. Full analysis in the April 2026 edition of Cargo Insights.
Historical Context
1980 to 1988
Iran-Iraq Tanker War
Both sides attacked commercial shipping throughout the Gulf. Over 400 tankers were hit across eight years. The Strait remained technically open but dangerous, with heavy war risk premiums and widespread use of military escorts.
8 years400+ vessels attackedOil to $35+ per barrelUN ceasefire, Aug 1988
1987
Operation Earnest Will
The US Navy escorted Kuwaiti-flagged tankers through the Strait in the largest naval convoy operation since World War II. Transit continued under military protection.
14 monthsUS Navy convoy escortsLimited price impact due to oversupply
2019
Tanker Attacks and Iran-US Tensions
Attacks on the Front Altair and Kokuka Courageous triggered a sharp short-term spike. Brent jumped approximately 15% in June 2019. No full closure but war risk premiums rose significantly for several months.
~6 months elevated riskBrent +15% June 2019No closure
2023 to 2024
Red Sea Crisis, Houthi Attacks
Houthi attacks forced most major carriers off the Red Sea onto Cape of Good Hope routing from late 2023. Asia-Europe rates tripled at peak. Suez transits fell approximately 50%. The dynamics now playing out in Hormuz were first rehearsed here.
All major carriers reroutedAsia-Europe rates tripledSuez down ~50%
2026
Iran-Israel-US Escalation
Escalating military tensions have severely restricted commercial transit. Multiple major carriers suspended or rerouted. Brent above $90. India's crude supply chains under active monitoring. Resolution timeline unclear.
Unresolved, Apr 2026Brent $90+6+ carriers rerouting
EIA Chokepoints Fact Sheet / US Naval Institute / BP Statistical Review / Lloyd's List archives
Stay Ahead

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Data Sources
  • EIA Strait of Hormuz Chokepoints Report
  • VesselFinder AIS (vesselfinder.com)
  • MarineTraffic Intelligence
  • Shanghai Shipping Exchange SCFI
  • Ship and Bunker VLSFO (shipandbunker.com)
  • Lloyd's of London War Risk Market
  • S&P Global Platts JKM
  • Alpha Vantage (alphavantage.co)
  • NewsAPI (newsapi.org)
Carrier Sources
  • maersk.com / msc.com
  • cmacgm-group.com
  • hapag-lloyd.com / one-line.com
  • oocl.com / pilship.com
  • Alphaliner / Lloyd's List / JOC
India Sources
  • PPAC India (ppac.gov.in)
  • ISPRL (isprl.gov.in)
  • Ministry of Petroleum and Natural Gas
  • IOCL / BPCL / HPCL annual reports
  • Kpler tanker tracking
Cargo Insights Published by Cargo Insights, SDDB Branding Solutions Pvt Ltd, New Delhi. All data is sourced from publicly available third-party providers as cited. Market prices are indicative. Brent and WTI are fetched daily via Alpha Vantage. This page is for informational purposes only and does not constitute financial, commercial, or navigational advice. Ship operators should rely solely on official NAVTEX, IMO, and flag state communications.
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