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Israel-Iran Hostilities Pause; Strait of Hormuz Near-Closure Persists

Occurred 27 Feb 2026ยทDetected 10 Jun 2026ยท
๐Ÿ‡ฎ๐Ÿ‡ฑ Strait of Hormuz and Gulf of Oman, broader Middle East conflict theatre6 reportsCAT 26AAEnded 1 Jul 2026
Political Violence & WarMarineEnergy & InfrastructurePropertyMarine HullMarine CargoEnergyTerrorism & Political ViolencePolitical RiskWar Risk

Israel-Iran kinetic pause holds following public ceasefire signals, but the Strait of Hormuz remains near-closed and a US-enforced blockade of Iranian ports continues to disrupt crude, fuel and natural gas flows. A reported first-stage US-Iran deal could lift the blockade and reopen Hormuz, and a separate mainstream report suggests partial reopening is already underway, though kinetic and interdiction tail risks persist.

AI-generated from linked source reports. See our correction policy.

Impact verdict

High impact. Sustained Hormuz near-closure combined with active US naval interdiction continues to choke crude, fuel and natural gas flows, characterised by the IEA as the biggest-ever supply disruption. Direct London Market exposure sits in marine hull and cargo war risk, energy transit disruption pricing, and political risk books covering Middle East interests. Israel-Iran ceasefire signals have de-escalated the kinetic phase, and a reported first-stage deal could lift the blockade, but Hormuz blockage and naval interdiction persist in the near term, so underlying loss drivers remain active.

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Geographic Zone Matches

10 active matches

  • OFAC Sanctioned Countries
    Rule-basedConfidence 100%
  • TRIA Certified Areas
    Rule-basedConfidence 100%
  • JWC Listed Areas
    Rule-basedConfidence 100%
  • EU Sanctions List
    Rule-basedConfidence 100%
  • Iran (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Yemen (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Israel (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Pacific Ring of Fire
    Rule-basedConfidence 100%
  • Persian/Arabian Gulf, Gulf of Oman, Indian Ocean, Gulf of Aden and Southern Red Sea
    Rule-basedConfidence 100%
  • Caribbean Hurricane Zone
    Rule-basedConfidence 100%

Geographic zone matches are RiskEvents spatial/analytical indicators, not coverage determinations or Lloyd's official classifications.

Affected countries

๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates๐Ÿ‡ฎ๐Ÿ‡ฑ Israel๐Ÿ‡ฎ๐Ÿ‡ท Iran๐Ÿ‡ฑ๐Ÿ‡ง Lebanon๐Ÿ‡ด๐Ÿ‡ฒ Oman๐Ÿ‡ต๐Ÿ‡ฐ Pakistan๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia๐Ÿ‡บ๐Ÿ‡ธ United States

+1 more

Lloyd's classifications

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