BE - September 2026

Study coverage, it directly influences the decisions of shipowners, insurers, trade-finance banks, and companies operating across global supply chains. Insurance-market conditions can therefore affect trade flows on a scale that, in some circumstances, may be comparable to the effects of a physical interruption of maritime traffic. Third, the Hormuz crisis interacted with regional and institutional adjust- ments that were already under way rather than creating them. The United Arab Emirates' withdrawal from OPEC illustrates the growing importance of national strategies alongside traditional mechanisms of coordination among producers, against a backdrop of energy transi- tion and evolving regional dynamics. These findings carry several implica- tions for economic and financial pol- icy. Energy-importing countries should continue to diversify their supply routes while strengthening strategic storage capacity. Regulators would benefit from improving transparency in marine insurance markets, where premium-setting mechanisms now directly influence the continuity of international trade. Banks, in turn, need to integrate geopolitical risk more systematically into trade-finance policies, risk-man- agement frameworks, and stress-test- ing scenarios. In an environment where supply-chain disruptions can rapidly translate into financial risk, cooperation among insurers, banks, and public authorities has become an essential component of resilience. The study nevertheless has several limitations. The events analyzed are recent, and some data may be re- vised as new information becomes available. The figures used give pri- ority to institutional sources and the most established specialist organiza- tions, but some estimates of logistics costs and second-round effects still rely on industry assessments. Further research could examine in greater depth the implications of the crisis for regional financial stability, trade finance, and the evolution of risk- management practices in the bank- ing sector. Beyond the specific case of the Strait of Hormuz, this crisis may be an early indicator of a deeper transfor- mation in the global geoeconomy. Economic resilience is no longer de- termined solely by control of territory or maritime routes. It also depends on the strength and accessibility of fi- nancial infrastructure, insurance markets, and the mechanisms that enable international trade to con- tinue under conditions of heightened uncertainty. the BANKING EXECUTIVE 62 ISSUE 213 SEPTEMBER 2026