700 Tankers Jam Strait Of Hormuz: Will India Be Forced To Ration Fuel?
Global oil flows through the Strait of Hormuz have all but frozen, choking off nearly 86% of normal east–west crude traffic and pushing energy markets to the brink.
Data from maritime analytics firms Windward and Kpler show the waterway is not formally closed but it may as well be. On March 1, only three tankers carrying 2.8 million barrels crossed Hormuz, an 86% plunge from the 2026 daily average of 19.8 million barrels. By early March 2, just one small tanker and one small cargo ship moved through the main lanes.
