Analysts and policymakers warn that oil and gas traffic through the Strait of Hormuz may not return to pre-war levels.

Iran's blockade of the Strait of Hormuz has seriously challenged freedom of navigation in the sea lane, raising questions about the future.

Analysts and policymakers warn that oil and gas traffic through the Strait of Hormuz may not return to pre-war levels.

Insiders see little chance of freight rates returning to prewar levels anytime soon, due to both shifting trade flows and the evolving strategies of fleet operators and traders.