From Hormuz to the Black Sea: Maritime battlefields are shaping ‘a new world order’

Skip NavigationMarketsPre-MarketsU.S. MarketsEurope MarketsChina MarketsAsia MarketsWorld MarketsCurrenciesPrediction MarketsCryptocurrencyFutures & CommoditiesBondsFunds & ETFsBusinessEconomyFinanceHealth & ScienceMediaReal EstateEnergyClimateTransportationInvestigationsIndustrialsRetailWealthSportsLifeSmall BusinessInvestingPersonal FinanceFintechFinancial AdvisorsOptions ActionETF StreetBuffett ArchiveEarningsTrader TalkTechCybersecurityAIEnterpriseInternetMediaMobileSocial MediaCNBC Disruptor 50Tech GuidePolitics & PolicyWhite HousePolicyDefenseCongressExpanding OpportunityEurope PoliticsChina PoliticsAsia PoliticsWorld PoliticsVideoLatest VideoFull EpisodesLivestreamTop VideoLive AudioEurope TVAsia TVCNBC PodcastsCEO InterviewsDigital OriginalsWatchlistInvesting ClubTrust PortfolioAnalysisTrade AlertsMeeting VideosHomestretchJim's ColumnsEducationSubscribePROPro NewsJosh BrownMike SantoliCalls of the DayMy PortfolioLivestreamFull EpisodesStock ScreenerMarket ForecastOptions InvestingChart InvestingSubscribeLivestreamMenuMake ItselectUSAINTLLivestreamSearch quotes, news & videosLivestreamWatchlistSIGN INCreate free accountMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu (function() { const userMembershipOnLastVisit = localStorage.getItem("cnbcMeta__cachedUserMembership"); if (!userMembershipOnLastVisit) { // If no user membership is stored, user is likely not logged in. // These users will typically see the banner. return; } const { isPro, isInvestingClubUser } = JSON.parse(userMembershipOnLastVisit); if (!(isPro || isInvestingClubUser)) { // We’re rendering the top banner for users who are not pro or investing club members. return; } // Hide the banner for pro and investing club users. const style = document.createElement("style"); style.id = "top-banner-placeholder-style"; style.innerHTML = "[data-top-banner-placeholder] { display: none; }"; document.head.appendChild(style); })() ShippingFrom Hormuz to the Black Sea: Maritime battlefields are shaping ‘a new world order’Published Thu, Jul 30 20261:20 AM EDTUpdated Thu, Jul 30 20264:52 AM EDTChloe Taylor@ChloeTaylor141Sam Meredith@in/samuelmeredith@smeredith19Lee Ying Shan@in/ying-shan-lee@LeeYingshanWATCH LIVEKey PointsAttacks and threats around the Strait of Hormuz, Red Sea, Black Sea and Sea of Azov are disrupting commercial shipping routes. Roughly 80% of global merchandise trade by volume moves by sea, so chokepoint disruption can affect energy, food and consumer goods prices. Shipping companies are weighing rerouting, insurance costs, inventory buffers and emerging risks around routes including the Panama Canal.Satellite view of Tuapse Oil Refinery, Russia. Ukrainian drones struck fuel storage tanks at the Rosneft‑operated facility, igniting a major fire visible for kilometers.Gallo Images | Gallo Images | Getty ImagesThe Strait of Hormuz is rattling global trade, but the waterway is just one example of a vital maritime corridor becoming a frontline, in a new age of drones and missiles targeting economic lifelines.From the Strait of Hormuz and the Red Sea to the Black Sea, attacks on commercial vessels have disrupted trade, raised insurance and freight costs, and forced shipping companies to reconsider routes once treated as dependable.The stakes are high: roughly 80% of global merchandise trade by volume moves by sea. Disrupting even one major route can delay cargo, tighten supplies and drive up prices for energy, food and consumer goods thousands of miles away.How drones are changing maritime warfare"We have a new chokepoint and a new war," David Roche, president and global strategist at Quantum Strategy, wrote in a July report, referring to the Sea of Azov, where Ukrainian drones have been strik