Hormuz disruption — Iran counter-demands, zombie ships, trapped VLCCs, crude spikes
Key Questions
What is the impact of the Strait of Hormuz disruption on crude prices?
Transits through the Strait of Hormuz are down approximately 95% into the fourth week, with reports of full closure driving physical crude prices to $162 per barrel. Volatility persists due to insurer and crew refusals, US sanctions waivers, and shadow loadings from Iran.
How many VLCCs are immobilized due to the Hormuz disruption?
Around 77 VLCCs are immobilized, accounting for about 8-8.5% of global VLCC capacity. This situation has led to 300-400% surges in charter rates from surcharges and reroutes.
What are 'zombie' ships in the context of the Strait of Hormuz?
'Zombie' ships refer to 'ghost' vessels that are inactive or trapped in the Strait of Hormuz. Related articles discuss their presence and destinations amid the ongoing disruptions.
Iran's 5-point demands/vessel disclosures escalate closure signals, transits ~95% down week six+, zombie vessels faking AIS/shadow exits, ~77 VLCCs trapped, Kharg loadings, Brent $100/$162 phys. Reroute surges 300-400%, Atlantic plunge. (first_seen: 2026-03-14, last_updated: 2026-03-26)