Bab-el-Mandeb / Southern Red Sea
Disrupted
8/10
~9 million bpd oil; principal route between Suez and the Indian Ocean; ~12% of global trade transits
Bab-el-Mandeb and the southern Red Sea corridor remain operationally disrupted, with the majority of major container carriers and tanker operators continuing to divert via the Cape of Good Hope rather…
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Strait of Hormuz
Elevated
7/10
~20 million bpd crude oil & condensate — ~30% of global seaborne oil; ~20% of global LNG
The Strait of Hormuz remains under elevated operational risk driven by an intensifying U.S. maximum-pressure sanctions campaign targeting Iranian crude oil and LPG exports, with the U.S. Treasury acti…
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Suez Canal
Disrupted
7/10
~12% of global seaborne trade; ~30% of global container traffic; ~9 million bpd oil
Suez Canal throughput remains materially suppressed as a direct consequence of the sustained Bab-el-Mandeb disruption, which has severed the commercially viable feeder traffic from the southern approa…
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Panama Canal
Elevated
6/10
~5% of global maritime trade; ~13,000–14,000 transits per year in normal conditions
The Panama Canal is proactively reducing Neo-Panamax draft limits in anticipation of El Niño-driven low-water conditions during the approaching dry season, continuing a pattern of draft restrictions t…
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Danish Straits
Elevated
5/10
~3 million bpd Russian crude & products; principal Baltic outlet for Russian seaborne oil
The Danish Straits remain under elevated operational and compliance risk as the primary Baltic Sea outlet for Russian seaborne crude and refined product exports, handling approximately 3 million bpd. …
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Taiwan Strait
Elevated
4/10
~40% of global container fleet transits annually; primary north-south Pacific shipping corridor
The Taiwan Strait maintains an elevated baseline risk profile given persistent strategic tension in the region, though no specific acute disruption events are present in the current headline set. The …
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Turkish Straits (Bosphorus & Dardanelles)
Elevated
4/10
~3 million bpd oil; principal outlet for Black Sea grain, oil, and natural gas
The Turkish Straits continue to operate under the Montreux Convention framework, with transit volumes for Black Sea crude and grain exports shaped by the ongoing Russia-Ukraine conflict dynamic and as…
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Strait of Malacca
Normal
2/10
~16 million bpd oil; ~30% of global maritime trade; principal artery between Indian and Pacific Oceans
The Strait of Malacca is operating within normal commercial parameters with no specific disruption signals present in current reporting. As the primary artery connecting the Indian Ocean to the South …
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Strait of Dover / English Channel
Normal
2/10
~25% of global commercial maritime traffic by ship count; ~500 vessels per day
The Strait of Dover and English Channel are operating within normal commercial parameters, with no specific disruption signals present in the current headline set. The strait continues to handle appro…
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