but Iran formally re-closed on Apr 18 citing the ongoing US port blockade as a ceasefire breach. IRGC gunboats fired on transiting tankers Apr 19. The ceasefire expires Apr 22; Trump called an extension "highly unlikely." Major container lines remain rerouted via the Cape of Good Hope. How much did Brent oil prices rise after the Hormuz closure? Brent futures peaked near $118–$120/bbl in March 2026 — roughly a 64% spike from pre-closure levels around $72/bbl — while physical cargoes (North Sea Dated spot) reached near $130/bbl and physical crude traded as high as $150/bbl at the peak (IEA。

CMA CGM， Hapag-Lloyd — redirected Middle East–Europe and Middle East–US East Coast services around the Cape of Good Hope. The reroute adds ~3， 2026. IRGC announced original closure Mar 2. A Pakistan-brokered ceasefire Apr 8 allowed limited reopening， rates eased toward ~1% (≈$2M per VLCC transit)， still an order of magnitude above historical norms. The US government has reportedly backstopped some coverage where private capacity withdrew. How many tankers have been rerouted via the Cape of Good Hope? Major container operators — Maersk，。

Is the Strait of Hormuz open in April 2026? Effectively closed as of Apr 18， insurance， with Iran's Apr 18 re-closure driving a 7% single-day rebound. How much does war-risk insurance cost for a tanker through Hormuz? War-risk premiums jumped from ~0.125% of hull value pre-crisis to as high as 2.5–5% at peak — translating to single-transit premiums in the low-millions to ~$5M for a VLCC. By late March and April， April 2026). By mid-to-late April，800 nautical miles and 10–14 days per voyage， front-month Brent futures recovered to ~$95， and bunker costs across the fleet. Spot container rates rose ~150% since February 28. Who was Alireza Tangsiri? Alireza Tangsiri commanded the IRGC Navy from August 2018. Israeli and US officials identified him as the architect of the Hormuz blockade. He was killed in an Israeli airstrike on Bandar Abbas on March 26， alongside several senior naval aides. Iran confirmed his death on March 30. How big is the supply disruption? The IEA has characterized the Hormuz disruption as the largest in the history of the global oil market. Cumulative supply losses exceeded 360 million barrels in March with ~440 Mb projected for April. Roughly 13 million barrels per day of flow normally transits Hormuz — about one-fifth of global oil consumption. ， 2026， with industry estimates of ~$40–50M per week in added fuel。

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