The Strait of Hormuz has been severely impacted since February 28, 2026, due to US–Israel strikes on Iran, leading to significant disruptions in oil and LPG shipping. Analysts from HFI Research report that even if the strait were to reopen tomorrow, it could take weeks or months for global oil markets to return to normal. Currently, over 180 million barrels of crude are stranded in tankers, which will take approximately 35–45 days to unload. After unloading, it will take another 25–30 days for these vessels to return to the Middle East, and additional time for fresh tankers to load. Data indicates that vessel movement through the strait remains limited, with 220 ships crossing in March, dominated by liquid tankers. The Strait of Hormuz is vital for global energy, typically carrying around 20 million barrels of oil daily, accounting for nearly 20% of global oil trade. The International Energy Agency has labeled the current disruption as the largest in history, with crude oil prices soaring to nearly $120 per barrel due to supply fears and logistical bottlenecks.