When will Strait of Hormuz be ‘safe’ for commercial shipping again?

Since the start of the US-Israel war on Iran nine weeks ago, the Strait of Hormuz, through which 20 percent of the world’s oil and liquefied natural gas (LNG) is shipped during peacetime, has become the chokepoint of the global economy. The tremors from the effective closure of the strait – a narrow artery linking oil and gas producers in the Gulf to the open seas – are being felt across the world, stoking fears of a global recession. …