Institution: World Trade Organization (WTO) — Data Lab

Date: March 2026

URL: https://datalab.wto.org/Strait-of-Hormuz-Trade-Tracker

File: wto-hormuz-trade-tracker-europe-focus.md

Summary

This is the European trade flow component of the WTO Data Lab's Strait of Hormuz Trade Tracker. It extracts the Europe-relevant findings from the full tracker (source: wto-hormuz-trade-tracker.md), specifically documenting the near-complete collapse of LNG outbound shipments through the Strait of Hormuz on February 28, 2026 — Europe's primary LNG import corridor from the Middle East.

Key Findings

1. LNG shipment collapse: LNG outbound shipments from the Persian Gulf fell to almost zero on February 28, 2026, simultaneously with crude oil shipments. (WTO Data Lab, AIS tracking)

1. Europe's LNG dependency via Hormuz: The Strait of Hormuz is described as "a central artery for global energy trade." Europe relies on Middle East LNG imports — specifically from Qatar and UAE — that transit the Strait. The simultaneous collapse of crude oil and LNG shipments through the Strait directly affected Europe's energy supply chain. (WTO Data Lab)

1. Interactive data visualizations: The WTO Data Lab publishes Charts 1-3 showing commodity-specific outbound traffic data — crude oil, LNG, and fertilizer-related products — all showing near-total collapse, available at the full URL. (WTO Data Lab)

1. Europe-specific concern: While the WTO Data Lab tracks global flows, the UNCTAD Rapid Assessment #2 explicitly identified Europe and South Asia as the two regions "most exposed" to Middle East energy disruption. Europe depends on Qatar and UAE LNG via Hormuz as a key supplement to Norwegian pipeline gas and its own LNG terminal imports from diverse origins. (WTO Data Lab / UNCTAD)

1. Fertilizer channel to Europe: Outbound fertilizer-related shipments through Hormuz also collapsed (with only a small isolated movement on March 3). Europe is a significant fertilizer importer; disruptions here affect agricultural production costs. (WTO Data Lab)

Entities Mentioned

• Organizations: WTO Data Lab, UNCTAD (cross-reference)
• Places/Countries: Europe, Middle East, Persian Gulf, South Asia
• Commodities: LNG (liquefied natural gas), crude oil, fertilizer-related products
• Numbers: February 28, 2026 (closure date for LNG), March 3, 2026 (isolated fertilizer movement)

Relevance to Q1/Q2/Q3

• Q1 (Hormuz closure extent): Medium relevance — confirms LNG shipment collapse through Hormuz (Europe's primary Middle East LNG corridor)
• Q2 (Price impact): Medium relevance — documents supply disruption in LNG alongside crude oil; the WTO/AIS data provides objective tracking data confirming the physical supply shock
• Q3 (Europe gas/security): High direct relevance — documents Europe's specific exposure to Hormuz LNG disruption; combined with UNCTAD's "most exposed" designation for Europe, this is primary evidence of Europe's gas supply shock

Quotes

"The disruption to global maritime trade following Iran's announcement of the closure of the Strait of Hormuz on 2 March 2026 has resulted in outbound traffic from the Persian Gulf tracked by AIS coming to almost a complete halt." — WTO Data Lab

"Regions more dependent on Middle East energy imports, particularly South Asia and Europe, would be more exposed." — UNCTAD Rapid Assessment #2 (cross-referenced)

See Also

• Full source: institutions/WTO-Hormuz-Trade-Tracker.md
• Related: institutions/UNCTAD-Rapid-Assessment-2.md

Related Articles

• Q1 Supply Destruction
• Q2 Price Impact
• Q3 Europe Impact
• Wto Hormuz Trade Tracker

Bibliography

See source attribution and URLs in article body above.