BRENT $110.00 +50.7%
WTI $104.50 +48.2%
HORMUZ CLOSED — 20M bbl/d at risk
VLCC $424K/day +ALL-TIME HIGH
BYPASS 5.5M bbl/d spare — 14.5M shortfall
SUEZ Normal — 5.5M bbl/d
MALACCA Normal — 16.3M bbl/d
SHIPS WAITING 200+ anchored
BRENT $110.00 +50.7%
WTI $104.50 +48.2%
HORMUZ CLOSED — 20M bbl/d at risk
VLCC $424K/day +ALL-TIME HIGH
BYPASS 5.5M bbl/d spare — 14.5M shortfall
SUEZ Normal — 5.5M bbl/d
MALACCA Normal — 16.3M bbl/d
SHIPS WAITING 200+ anchored

Daily Briefs

Daily and weekly situation briefs covering active crises and energy market disruptions.

DAILY BRIEF March 10, 2026 4 min read

Hormuz Day 10: Insurance Exodus Cements De Facto Blockade as Brent Holds Above $110

Six major P&I clubs have now withdrawn war-risk coverage for Hormuz transit, making the strait commercially impassable even without a formal naval blockade.

Energy Strategist Geopolitical Strategist Maritime Analyst