According to a report cited by the Financial Times, the closure of the strategic waterway forced insurers and shipping companies to reassess the risks associated with key global shipping corridors.
The Strait of Hormuz, which connects the Persian Gulf to international waters, is a critical route for energy exports and commercial trade.
Any interruption to traffic through the passage has the potential to affect supply chains, energy markets and freight costs across the world.
Justus Heinrich, head of marine underwriting at Allianz, said, "The situation had moved beyond theoretical planning exercises and become a real-world crisis requiring immediate industry attention.”
The disruption came amid heightened tensions involving the United States, Israel and Iran, creating uncertainty for shipping operators and insurers. The incident prompted concerns over vessel safety, cargo security and the broader stability of maritime trade in the region.
Recent data suggest that shipping activity is beginning to recover following an agreement between the United States and Iran aimed at restoring access through the Strait of Hormuz.
Figures from Lloyd’s List Intelligence showed that 69 vessels departed the Gulf during the week ending 21 June, compared with 24 departures in the previous week.
The increase marked the strongest weekly movement of ships since the conflict began earlier this year.
Despite the improvement, the crisis has already had significant consequences. The International Maritime Organization reported that at least 14 seafarers have lost their lives since hostilities escalated, while more than 40 vessels, the majority of them oil tankers, have been affected by missile attacks.
Industry analysts caution that the reopening of the waterway may not immediately remove the challenges facing the sector.
Higher insurance costs, ongoing security concerns and disruptions to established shipping schedules could continue to affect global trade flows in the coming months.
The episode has also highlighted the growing importance of maritime security in protecting international commerce.
For insurers, shipping companies and policymakers, the events in the Strait of Hormuz serve as a reminder that geopolitical tensions in key maritime chokepoints can have far-reaching economic consequences.
While traffic through the route is showing signs of recovery, experts believe the long-term impact on shipping risk assessments and global supply chains will continue to be closely monitored.
