Three Oil Chokepoints Disrupted at Once, With No Safe Detour Left

War threats now simultaneously choke the Bab al-Mandeb, Strait of Hormuz, and Black Sea, per WSJ (July 21, 2026). Hormuz traffic has been near-dead since April. Saudi Arabia's Yanbu port redirected 3 million barrels/day of crude through the Red Sea — waters EUNAVOR flagged Medium-risk on July 22. Lloyd's List reports hull war premiums surging across multiple zones. No alternative route remains unthreatened.