More than 1,600 ships have been stranded near the Strait of Hormuz for over two months, creating deep uncertainty and major financial risks for the global shipping industry. The vessels remain stuck amid ongoing conflict, and operators are struggling to determine when it will be safe to move through the strategic waterway. A U.S.-led escort mission initiated by President Donald Trump lasted only 48 hours, successfully guiding just two ships before ending, leaving companies to manage the crisis on their own.

Most shipping firms are now unwilling to risk passage through the strait due to the threat of attacks that could endanger both valuable cargo and crew lives. Insurance complications have worsened the situation, as wartime clauses often exempt insurers from covering losses in conflict zones. Los Angeles port executive director Gene Seroka said companies must conduct precise security assessments before deciding to move.

According to the International Maritime Organization, 32 ships have been hit by missile attacks since the conflict began, resulting in at least 10 deaths and 12 injuries. The IMO urged maximum vigilance and warned that naval escorts are not a sustainable long-term solution.