Here's what needs to happen before oil starts flowing through the Strait of Hormuz again

TL;DR

Iran's actions have led to a 90-95% decrease in daily transits through the Strait of Hormuz, a vital oil chokepoint.
Marine insurance costs have dramatically increased, but the primary deterrent to shipping is the safety risk to vessels and crews.
Oil prices have surged by over 50% due to supply disruptions.
A return to normal shipping levels is unlikely until the war ends, with experts estimating months for production and infrastructure to recover even after a ceasefire.
Military escorts have been discussed but are seen as unlikely to be effective during active hostilities.
A small number of ships, often linked to Iran or granted permission by Iran, are still transiting the strait.

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