News Summary

• Strait of Hormuz has been closed to most shipping traffic since 28 February.
• Hundreds of vessels have been stuck in the gulf, with the risk of sea mines or drone strikes driving up the danger to crews and preventing safe passage.
• Experts warn a return to normal shipping through the strait will take time, and the impact of the war will continue to affect the global economy for potentially months to come.
• During the conflict, the price of Brent crude, the global oil benchmark, peaked at around $120 a barrel, whereas before hostilities broke out it was just below $70.