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The Strait of Hormuz isn't totally closed. Meet the 'shadow fleet'

Summary by Fortune
The Strait of Hormuz is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping by more than 90%. Iran has threatened to destroy any ships, including oil tankers, that pass through the strait from the oil depots of the Persian Gulf to the Arabian Sea and the rest of the world. Compan…

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Fortune broke the news in New York, United States on Wednesday, March 11, 2026.
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