
Ferrous Sulfate Monohydrate CAS: 13463-43-9

The interim June 17 agreement to reopen Hormuz has collapsed

Vessel traffic through the Strait of Hormuz has fallen to single digits, a stark return to the lows seen in 2020. This sharp decline threatens chemical exports, fertilizer logistics, and global shipping schedules. Supply chains must adapt to the new reality of limited tanker movements and heightened uncertainty.
The withdrawal of P&I insurance during the earlier Hormuz disruption sparked discussion about government-backed insurance solutions for commercial shipping. Chemical procurement and compliance teams should understand how future insurance frameworks could influence freight costs and supply chain resilience.

The most important lesson from 124 days of the 2026 Hormuz crisis is that physical supply recovery and diplomatic progress move independently. For chemical procurement teams planning Q3 supply, vessel crossing data from Kpler now matters far more than political statements coming out of Doha negotiations.

Iran’s proposal to charge “service fees” for Hormuz passage could permanently reshape the economics of global chemical trade. If transit charges become permanent, Gulf-origin chemical supply chains may face $500 million to $1.5 billion in additional annual costs that buyers will ultimately absorb through higher contract pricing.

India’s reinstatement of the 5 percent customs duty on acetic acid imports raises landed costs by approximately $27 to $30 per tonne beginning July 1. For Indian manufacturers, the increase remains below April’s crisis peak pricing but represents a permanent structural cost change for H2 2026 procurement planning.
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