#USIsraelStrikesIranBTCPlunges

A.P. Moller-Maersk, the world's second-largest container shipping company, has suspended all ship transits through the Strait of Hormuz due to increased security risks following US and Israeli attacks on Iran. In an official statement released on Sunday, March 1, 2026, the company stated:
"The safety of our crews, our vessels, and our customers' cargo is our top priority. We are suspending all ship transits through the Strait of Hormuz for an indefinite period."
Maersk also announced that it is rerouting its Middle East-India-Mediterranean (ME11) and Middle East-India-East Coast-US (MECL) routes via the Cape of Good Hope. This decision also affects transits through the Bab el-Mandeb Strait and the Suez Canal, temporarily abandoning the Red Sea route.
The Strait of Hormuz is a critical transit point through which approximately one-fifth of the world's oil consumption passes. Following warnings from the Iranian Revolutionary Guard to "close" the strait and clashes in the region, tanker traffic has largely come to a standstill; some ships have been reported attacked. Other major carriers (Hapag-Lloyd, MSC, CMA CGM) have similarly halted transit through the Strait of Hormuz. This development is creating expectations of further delays, route extensions, and increased freight rates in global supply chains.