London, April 5, 2026
The blockade of the Strait of Hormuz has triggered a redirection of diesel tankers from Europe to Asia, leaving the continent facing potential fuel shortages and soaring prices.
At least four tankers carrying approximately 190 million liters of diesel have altered course to Asian markets, where prices are roughly 200 euros per tonne higher than in Europe. The shift comes as the strategic waterway, which handles about 20% of global oil shipments, remains disrupted. The Brent crude price has surged to $117 per barrel, its highest level since 2022.
Supply Chain Disruptions
The rerouting of tankers has immediate consequences for European energy security. Among the vessels affected is the *Elka Delphi*, which was transporting 1.2 million barrels of diesel to Europe before abruptly changing direction near the Spanish coast. Analysts warn that such diversions could exacerbate existing supply chain vulnerabilities, particularly as winter stockpiling seasons approach.
The Strait of Hormuz, a narrow passage between Oman and Iran, is a critical artery for global oil trade. Its blockade has forced shipping companies to recalculate routes and prioritize higher-paying markets. "The crisis is only just beginning," said Nobel laureate Paul Krugman, who cautioned about broader economic fallout. *Die Krise stehe erst am Anfang*, he added in German.