Strait of Hormuz must not be allowed to shut down: Indian-American maritime executive
Business 02 Mar, 2026

Strait of Hormuz must not be allowed to shut down: Indian-American maritime executive

Business Aajkal, New York,  02 March 2026: Amid rising tensions in West Asia following US–Israel strikes against Iran, a leading Indian-American maritime executive has warned about the risks to the vital oil shipping route of the Strait of Hormuz and the possible ripple effects on global oil prices.
“Shipping Is the Hardest-Hit Industry”
Dr S. V. Anchan, Chairman of Safesea Group, told to the press that geopolitical turbulence directly impacts maritime trade.
“Shipping is the hardest-hit industry in any such turbulence in the geopolitical situation.”
He stressed that ensuring uninterrupted movement through the Strait of Hormuz is critical:
“The Strait of Hormuz must not be allowed to be shut down.”
Why the Strait of Hormuz Matters

  • It is one of the world’s most important oil transit chokepoints.
  • A significant portion of global crude oil and LNG supplies pass through it daily.
  • Any disruption could lead to:
    • Surge in global oil prices
    • Increased freight and insurance costs
    • Supply chain volatility
With heightened military activity in the region, industry leaders are calling for urgent diplomatic and security measures to safeguard commercial shipping lanes and maintain stability in global energy markets.

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