Strait of Hormuz traffic plunges 95% as crisis disrupts global shipping
A crisis in the Strait of Hormuz has cut traffic through the vital waterway by an estimated 95%, according to reports from maritime tracking agencies and transport industry groups, triggering cascading disruptions across global shipping networks that carry about 80% of the world's trade by volume. The sharp decline, which began in late August 2026, follows escalating tensions in the region, with shippers rerouting vessels and major oil consumers scrambling to secure alternative supplies.
27 Aug 2026