The Iran war has had a profound impact on the world. So Precious Olusegun PhD, Obasa Olorunfemi MBA, and Temitope Obasa M.Sc built a Hormuz Crisis Global Force Majeure, Policy & Industry Tracker. This tracker was created to research and understand its impact, spread, and global response — with a focus on supply chain force majeure declarations, national policy responses, and the industries affected. As of 8 Apr 2026: Iran operates a $2M/vessel IRGC toll booth at Larak Island — the strait is selectively open, not free.
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