What has Iran’s blockade done to ship access since Feb 28?

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Iran's Blockade Since February 28 Has Significantly Restricted Ship Access Through the Strait of Hormuz

Since joint US-Israeli attacks on Iran commenced on February 28, Iran has implemented a blockade that has prevented most ships from transiting the Strait of Hormuz. This action has led to the worst disruption of oil and gas supplies in history, with analysts indicating that energy prices are unlikely to fully reverse until the waterway reopens.
Most Vessels Denied Passage

The Strait of Hormuz, a critical maritime chokepoint through which approximately one-fifth of global oil and liquefied natural gas supply passes, has been largely inaccessible to shipping since late February. This has exacerbated existing concerns about global energy security and economic stability.
Proposal for Levying Fees Under Consideration

In addition to blocking passage, Iranian authorities are reportedly considering a proposal to impose fees on vessels that wish to utilize the strait. This suggests a potential shift towards a toll-based system for passage, adding another layer of complexity for international shipping.
Precedent of Red Sea Operations Offers Limited Comfort

International efforts to secure maritime routes face a challenging precedent in the Red Sea. A similar initiative to protect shipping from Houthi attacks, which began years earlier, incurred costs exceeding US$1 billion in expended weapons and resulted in the sinking of four ships. Despite these efforts, the shipping industry largely continues to avoid the Red Sea route, highlighting the difficulties in ensuring safe passage through contested waterways.
Escalation of Threats and Impact on Global Markets

Iran's actions, including threats to the strait and attacks on energy infrastructure in nearby Gulf nations, have already caused oil prices to surge. The continued closure of the Strait of Hormuz is expected to lead to more acute shortages, impacting the costs of energy, food, and a wide range of other products globally.

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What has Iran’s blockade done to ship access since Feb 28?

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