Donald Trump has pledged to ensure the global “free flow of energy” amid the escalating conflict between the United States and Iran. However, shipping data suggests that global shipowners remain reluctant to send vessels through the critical energy corridor of the Strait of Hormuz.

According to a report by The Guardian, maritime records indicate that only two vessels not linked to Iran or Russia have successfully crossed the strait since Trump announced measures aimed at keeping the route operational.

Key Shipping Route Disrupted

The Strait of Hormuz is one of the most strategically important maritime choke points in the world. Under normal conditions, approximately 100 vessels pass through the corridor each day, transporting crude oil, liquefied natural gas (LNG), and other cargo to global markets.

However, tensions escalated after military operations by the United States and Israel against Iran triggered retaliatory actions from Tehran.

Iran has reportedly targeted multiple ships attempting to cross the strait, attacking at least 10 vessels in the early phase of the crisis. The security risks have effectively reduced commercial traffic through the vital shipping lane.

Trump Announces $20 Billion Insurance Plan

In an effort to restore shipping activity, Trump announced a $20 billion reinsurance programme designed to protect vessels travelling through the conflict zone.

He also urged global shipowners to continue operating through the corridor, publicly calling on them to “show some guts” and resume voyages through the strait.

Despite the financial support scheme, many shipping companies remain cautious due to the high risks associated with the conflict.

Limited Ship Movements Despite Incentives

Reports indicate that only a small number of tankers and cargo vessels have attempted the crossing since the insurance plan was announced. Those that did so reportedly used various risk-mitigation strategies to reduce the chances of being targeted.

Before the conflict intensified, the strait handled a significant portion of the world’s energy trade. Roughly 20% of global petroleum consumption and about one-fifth of global LNG supplies passed through the corridor each day.

Oil Prices React to Conflict

The disruption to shipping routes has also affected global energy markets. Oil prices surged during the crisis, briefly reaching around $119 per barrel, their highest level since 2022.

Prices later fell below $90 per barrel after Trump suggested that the conflict with Iran might end soon.

Debate Over Naval Escorts

The U.S. administration has also floated the idea of providing naval escorts for commercial tankers travelling through the Gulf.

However, insurance companies and maritime experts have warned that such escorts might actually increase risks by making the ships more visible targets during the conflict.

As the situation continues to evolve, the safety of global energy supply routes remains a key concern for governments, shipping companies, and energy markets worldwide.

Summary

President Donald Trump has attempted to encourage shipowners to continue transporting energy through the Strait of Hormuz despite escalating conflict with Iran. However, maritime data shows that very few vessels have resumed the risky passage, even after the U.S. announced a $20 billion insurance programme and discussed possible naval escorts. The disruption has raised concerns over global energy supply and contributed to sharp fluctuations in oil prices.

Disclaimer

This article is based on publicly available information and official statements. The content is intended for informational purposes only. The publication does not independently verify third-party claims or assertions mentioned in the developments.