A senior tanker industry executive has warned that proposed United States tariffs affecting shipping through the Strait of Hormuz could ultimately harm consumers, according to ShippingWatch.
Erik Hånell, CEO of tanker shipping company Stena Bulk, raised the warning in comments reported by ShippingWatch on July 14, 2026. According to the publication, Hånell cautioned that tariffs applied to vessel transits through the strategically vital waterway would translate into higher costs that consumers would ultimately bear.
The Strait of Hormuz is one of the world’s most important chokepoints for oil and gas shipments, with a significant share of global seaborne crude oil passing through the narrow passage between Iran and Oman. Any additional costs imposed on vessels transiting the strait would be expected to ripple through global energy and shipping markets, though ShippingWatch’s report does not provide specific figures on the scale of the proposed tariffs discussed by Hånell.
Security Expert Calls Full US Tariff Unrealistic
ShippingWatch also reports that a security expert weighed in on the broader scenario, telling the publication that a full US takeover resulting in a 20% tariff being applied within the Strait of Hormuz is “deeply unrealistic.” The report does not name the security expert or provide further detail on the reasoning behind this assessment.
The warning from Hånell comes amid wider industry discussion, as ShippingWatch has separately reported, on a proposed Hormuz-related fee floated by former President Trump, which other executives have also weighed in on. Container carrier Hapag-Lloyd has reportedly described the proposed fee as “fundamentally wrong,” according to ShippingWatch, while Norden’s chief executive has said the company awaits further details on the proposal.
Does this matter to you?
For those monitoring tanker markets, freight costs, and developments around the Strait of Hormuz, this warning from a senior tanker executive adds to a growing chorus of industry voices commenting on proposed US tariffs or fees tied to the strait. Should such measures be implemented, they could affect transit costs for vessels moving through one of the world’s busiest oil shipping routes, with potential knock-on effects for freight rates and, according to Hånell, consumers. However, ShippingWatch’s report indicates that a full US-imposed 20% tariff is considered unrealistic by at least one security expert, suggesting the ultimate shape and impact of any such measure remains uncertain at this stage.
Gulf Bunkering does not provide operational or security guidance. This article is for informational purposes only. Operators should consult flag state authorities, P&I clubs, and relevant advisories for decisions relating to transit planning.
Sources: ShippingWatch
