As Iranian missiles streaked over the Strait of Hormuz on Sunday, bringing traffic across one of the world’s most vital trade lanes to a near halt, one Greek billionaire was steering his ships straight into the turmoil.

The Strait of Hormuz, normally jammed with oil tankers and cargo ships, has been nearly emptied by the war in the Middle East.

“Too small for the risk”: The plan to have the U.S. government provide an insurance solution for ships trapped in the Persian Gulf may be impractical, analysts said.

President Donald Trump said on social media that energy shipments to the US will not be disrupted amid conflict in the Middle East.

The shipping blockage is backing up through the Middle East’s oil industry, endangering a big chunk of the world’s crude production.

Japan is discreetly considering its response should the United States request assistance from the Self-Defense Forces to escort tankers through the Strait of Hormuz amid the escalating conflict in the Middle East.

As shipping through the crucial oil route grinds to a halt, Trump said an agency led by Ben Black will provide insurance

Renewed retaliatory strikes from Iran again raised anxiety in U.S. markets Thursday, sending futures lower and energy prices higher with prices at the pump jumping overnight.