Hormuz Crisis: 5 Ways Oil & Trade Could Resume Amid Blockade

• Iranian forces have shut down the Strait of Hormuz, disrupting a key maritime chokepoint for global oil trade.
• Military escort operations face significant challenges, requiring extensive air and maritime capabilities beyond current deployments.
• Diplomacy offers a fragile pathway, with some countries coordinating limited shipping access through an Iranian vetting system.
• Some operators with high-risk appetites continue transiting the strait, relying on costly short-term insurance.
• Trade is shifting to alternative, longer routes like the Suez Canal and around southern Africa, incurring added costs and delays.