Amid Israel-Iran Tensions, Shipping Slows Down in Strait of Hormuz 

As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs and surcharges from major carriers.

The attacks on Iran have created some concern that the country’s military will block off access to the strait, which hosts the flow of approximately 20 percent of the world’s liquid oil supply, according to the U.S. Energy Information Administration.

But such a closure would impact container shipping operations as well, even though only 2 percent to 3 percent of estimated global container traffic passes through...

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