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New Delhi:The sudden blockage in the movement of oil tankers through the Strait of Hormuz has shaken the global energy market. At first glance, this may seem like a wartime situation, but some analysts believe that this is not just a military tension, but could also be the beginning of a larger geopolitical strategy.

According to media reports, an energy economist has said that the global energy system is now "undiscovered areas" Has entered. The reason for this is that insurance companies have suddenly withdrawn war risk cover for ships passing through the world’s most important oil chokepoint.

What is the real reason for the crisis?

The economist said, "We are expanding into new areas across multiple energy and commodity markets, including crude oil, refined products, LNG, natural gas liquids, fertilizers, methanol and other petroleum derivatives."

According to the report, the cause of the crisis was not a direct attack by Iran on tankers, but a financial shock, which halted shipping activities almost overnight. Shipowners refused to take the risk due to sudden withdrawal of insurance coverage or steep increases in premiums.

this has never happened before

According to the economist, large European and global insurance companies suddenly canceled war risk coverage for ships in the Strait of Hormuz or made it so expensive that operations became impossible. He said, "No one had expected this. Although the world has seen shipping disruptions in recent decades, this has never happened before."

The Strait of Hormuz is considered the most important route for global energy trade. About 15 to 20 percent of the world’s total oil supply and about 20 percent of LNG shipments pass through this narrow waterway, which connects the Persian Gulf to the global market.

Question on Trump’s silence

US President Donald Trump, who has often criticized high oil prices, has so far remained silent on this insurance crisis. Analysts believe that this blockage is less a result of Iranian military action and more a result of decisions taken within the global financial system, which is having a direct impact on international trade and energy prices.