Allianz reports that approximately 1,150 ships remain stranded in the Persian Gulf.
The combined value of these vessels and their cargo totals roughly $125 billion. This disruption persists despite a framework agreement to end the recent regional conflict.
Allianz Commercial experts estimate it will take several weeks to clear the backlog at the Strait of Hormuz. This recovery timeline assumes shipping conditions normalize immediately. The report underscores severe global trade disruptions and ongoing risks for the maritime industry.