URGENT About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says
By Lisa Baertlein
Published on March 2, 2026.
The situation at the Gulf of Hormuz has left about 10% of the global container ships stranded, according to CEO of Ocean Network Express (ONE). This follows U.S. and Israeli attacks on Iran. Maritime insurers have stopped sailing through the strait, which carries around one-fifth of global oil and significant quantities of gas.
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