21 resultsfor “Iran's trade alternatives during Hormuz blockade”
blockade on the Strait of Hormuz – where previously around a fifth of the world’s oil passed through – and [Iran’s new maritime protocol](/news/2026/5/5/map-of-dominance-why-iran-cant-afford-to-give-up-hormuz-control) in the waterway, as well as attacks on energy infrastructure
alternative financial architecture that strengthens the renminbi. The war on Iran may now expand the pool of economic actors willing to use cryptocurrency to deal with the Iranian state and entities. When Tehran took control
Alternatives to Hormuz The backbone of Russia-Iran trade is the International North-South Transport Corridor (INSTC), a network of shipping lanes, railways, and roads linking Russia to Iran and onward to Asia, bypassing Western
trade with Iran as unacceptable. Further, the closure of Hormuz by Iran in retaliation is hurting, if not the US itself that much, American allies in the region and globally, raising the pressure on Trump
trade unions and official farming groups have distanced themselves from any planned road blockades.  Vehicles block Dublin’s O’Connell Street, as part of a protest over the high cost
Iran this evening,” Trump [declared on his Truth Social platform](https://www.theguardian.com/world/2026/jun/11/trump-seize-control-iran-oil-gas-ceasefire) as if providing his full capitalised title added any weight to the statement. A signing ceremony could even take place in Europe
Hormuz - which usually carries about 20% of the global supplies of oil and liquid natural gas - has been effectively closed for weeks due to the conflict. It remains much higher than the pre-conflict price
Iran. The vital shipping route normally carries about one-third of the world’s seaborne fertiliser trade, raising fears that rising fuel and fertiliser costs could place further pressure on farmers already struggling with high
trade.  China slammed the Panama court’s ruling, saying that Panama had “willingly succumbed” to hegemonic power. In the weeks since, Beijing has been accused by Washington
Iran has exposed the fragility of the global fossil fuel system, just as the Russian invasion of Ukraine did in 2022. Disruptions to key global trade routes such as the Strait of Hormuz have sent
trade completely, but to control it. “Iran is collapsing financially,” Trump wrote on Thursday on Truth Social. “They want the Strait of Hormuz opened immediately- Starving for cash!” For the first six weeks
Iran or the US blockade the strait of Hormuz. Last week the head of the International Energy Agency said flight cancellations would come soon if oil supplies from the Middle East were not restored, adding
alternative energy sources. Shipments from [Venezuela](/news/2026/5/9/venezuelas-delcy-rodriguez-heads-to-the-hague-for-land-dispute-case) to India are nearly 50 percent higher than they were in April, according to energy tracking data. Venezuelan Acting President Delcy Rodriguez is expected to travel to India
blockade of the strait, says Julian Borger. “ Iran’s strength is its ability to keep the strait closed – and if that gets challenged then that’s an important card that Iran would have lost. That
Iran’s effective closure of the Strait of Hormuz and the corresponding naval blockade on Iranian ports by the United States, its oil has become increasingly attractive to refiners seeking to avoid supply shocks. Asian
Alternative route throughthe Strait of Hormuz - APRIL 14, 2026-1776162674](https://www.aljazeera.com/wp-content/uploads/2026/04/INTERACTIVE-Alternative-route-through0Dthe-Strait-of-Hormuz-APRIL-14-2026-1776162674.png?quality=80) (Al Jazeera) But on April 13, alarmed that Iran was continuing to ship its own oil out of the strait
traded [two days of strikes](/news/liveblog/2026/6/11/iran-war-live-us-launches-attacks-on-multiple-iranian-targets), threatening to derail ongoing negotiations for a lasting ceasefire. While the statements indicate US willingness to return to a full-scale war, Trump has repeatedly alternated between bellicose threats
alternatives were available that were less costly in blood and treasure. He will also have to show that [Iran](https://www.theguardian.com/world/iran) has made no permanent gain by taking control of shipping passing through
blockade of Iranian ports. In the worst-case scenario of a prolonged war, the IMF said global growth could fall to 2.5 percent in 2026, with low-income and developing economies hit the hardest
trading partners](https://www.npr.org/2026/05/12/nx-s1-5818529/trump-china-iran-war), and there are questions about whether China has assisted Iran. The U.S. has spent weeks bombing Iran and is now blockading all ships connected to the country. ![U.S. President Donald