NYK President Takaya Soga warned that naval mines in the Strait of Hormuz will restrict shipping traffic to roughly half of prewar levels for months. He said safe passage routes are now 'extremely limited,' creating significant bottlenecks for global maritime commerce.

The strait handles about 20% of the world's petroleum liquids, making it a critical chokepoint for energy markets. Any prolonged disruption sends shockwaves through global supply chains, affecting oil prices and shipping costs worldwide.

Shipping companies face mounting pressure as insurance premiums spike and rerouting around Africa adds weeks to voyages. The mine threat forces carriers to weigh safety against economic losses, with tanker rates already feeling upward pressure.

Energy traders are monitoring the situation closely as Brent crude futures react to supply concerns. Middle Eastern crude exports face delays that could tighten global markets if the disruption extends beyond initial estimates.