Analysis & Commentary
Expert analysis of the Hormuz crisis and its global implications
Walls Closing In: The Geopolitics of a Choked Strait
As the Hormuz crisis enters its third month, the geopolitical walls are closing in on all parties.
When Hormuz Stopped: The Day Global Trade Froze
February 28, 2026 will be remembered as the day the global trading system experienced its most severe shock since 1973.
The Beijing Summit: Can China Broker a Deal?
China's emergency summit brings together Iran, Saudi Arabia, UAE, and Oman.
Insurance Markets in Uncharted Territory
The withdrawal of all six major P&I clubs has created an unprecedented maritime insurance crisis.
Life on the Cape Route: 12 Extra Days, $650K More
The Cape of Good Hope has become the world's busiest shipping lane overnight.
The LNG Crisis: No Pipeline Can Carry Gas
Unlike crude oil, LNG cannot be piped over land, making this the most intractable aspect.
Iran's "Safe Transit" Proposal: Genuine or Stalling?
Iran's proposed safe transit corridor comes with conditions that make acceptance unlikely.
Operation Freedom of Navigation: The Naval Escort Mission
The US-led naval escort operation has completed three convoy transits.