The paralyzed Hormuz chokepoint is becoming the worst disruption to global energy flows ever, as actual barrels quickly disappear from oil markets, driving prices sharply higher in Asia toward $150 per barrel and potentially setting the stage for demand destruction in the weeks ahead. President Trump has been attempting to fast-track the reopening of Hormuz by providing naval escorts for tankers and other commercial vessels. However, there are a few problems. First, Western US partners have rejected Trump’s request to send warships to help reopen the strategic waterway, which is plagued by IRGC mines and kamikaze drones. Second, Arsenio Dominguez, secretary-general of the International Maritime Organization (IMO), told the Financial Times in an interview on Tuesday that even if naval escorts materialize in the narrow waterway, they will not provide a “100% guarantee” of tanker safety. “It reduces the risk, but the risk is still there. The merchant ships and seafarers can be affected,” Dominguez said. The head of the IMO, which sets rules for international shipping, continued: “We are collateral damage in a conflict when the root causes have nothing to do with shipping,” adding that his organization has major concerns about commercial vessels stuck in the Gulf running […]