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You get a blockade, and you get a blockade! Everyone gets a BLOCKADE!

The good news: the ceasefire is extended, diplomacy is prevailing; the continued pause of kinetic action is very welcome. The bad news....
Published: April 23, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
16 page report
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The good news: the ceasefire is extended, diplomacy is prevailing; the continued pause of kinetic action is very welcome. The bad news: the Strait of Hormuz remains effectively shut and blockaded by Iran AND the US. Therefore, the global oil deficit will continue to be accumulate....

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