Shipping costs through the Strait of Hormuz are rising — even as oil prices are dropping. So what happens if Iran closes the waterway? - MarketWatch
1. Shipping and insurance costs spike despite falling oil prices. 2. Current conflict benefits shippers and insurers; consumers see lower oil costs. 3. Shipping rates have more than doubled since June 12; insurance rates surged. 4. Closure of Strait of Hormuz would inflict economic pain for Iran but is unlikely. 5. U.S. oil supplies are stable, limiting impacts from potential strait closure.