UN Department of Economic and Social Affairs Director Shantanu Mukherjee said that this would represent one of the weakest growth rates so far this century.
Iran has shown little interest in loosening its hold on the waterway, insisting it wants to maintain a degree of control even after the end of the war.
While Iran has yet to explicitly claim responsibility for the incidents, a senior Iranian official reiterated the country's claim to the Strait of Hormuz.
Roughly 14.6 million barrels a day of crude oil and petroleum liquids moved through the strait in Q1 of 2026, down from 20.4 million over that same period last year.
The latest news, analysis, services and systems regarding global seaports and airports and their impact on global supply chains. Today’s companies are transporting and delivering goods to more international customers than ever before through global ports and free and foreign trade zones. As infrastructure around these global gateways continues to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving supply chain operations through their strategic use of global seaports and airports.
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