Chokepoint: Tracking Trade Policy Responses to the Hormuz Crisis

9 April 2026: 24 new measures spanning across 21 implementing jurisdictions. Creation of a new “demand_management” category, including reclassification of previously included measures.

• 5 April 2026: OPEC+ countries announced additional voluntary adjustments

• 3 April 2026: Türkiye eliminates import duties on certain fertilisers

• 2 April 2026: Australia launches AUD 1 billion Economic Resilience Program (ERP)

This section summarises policy actions adopted across the world. The measures documented in this section fall under the reporting scope of the GTA database. Currently, this tracker has identified 93 different actions spanning seven different policy areas.

Export barriers (24)

This category includes export controls such as bans and taxes, as well as local supply requirements for export.

• Affected sectors: energy (crude oil, diesel, gasoline, LNG, LPG, fuel oil, natural gas), agricultural products, fertilisers, manufacturing goods
• Implementing jurisdictions: Brazil, China, Egypt, Hungary, India (x3), Iran, Iraq, Pakistan (x2), Romania, Serbia, Slovakia, South Korea (x3), Switzerland, Thailand (x2), the United States of America and Vietnam

Domestic subsidies (43)

So far, actions concentrate around tax cuts, price stabilisation and production subsidies.

• Affected sectors: energy (diesel, LPG, natural gas, kerosene); other (export logistics support, SME financing, political risk insurance), aviation
• Implementing jurisdictions: Australia (x2), Brazil (x2), Chile (x2), China, Colombia, Croatia, Egypt, France, Hungary, India (x3), Ireland, Japan, Italy, Latvia, Mexico (x6), Morocco, New Zealand (x2), Republic of Korea (x5), Serbia, South Africa, Philippines (x3), Poland (x2), Portugal (x2), Thailand, the United States of America

Import barriers (13)

Policies in this field have so far taken the form of import tariffs and licenses. 

• Affected sectors: energy (petrol, crude oil, petroleum oils, fuel production materials); fertilisers (urea), plastic products, gold

• Implementing jurisdictions: India (x2), Iraq, Mexico (x4), Republic of Korea, South Africa, Türkiye (x2), Vietnam

Capital controls (8)

Recorded actions focus on capital controls on commercial transactions and trade payment measures. 

• Affected sectors: energy, agricultural commodities, services

• Implementing jurisdictions: Canada, Egypt, the United States of America, Switzerland

Localisation (1)

The recorded action refers to local operations and local content requirements.

• Affected sectors: energy (energy commodity shipments)

• Implementing jurisdictions: United States of America

Other (2)

The actions under this category referred to ordering production suspension and authorising more operators to trade in certain sectors.

• Affected sectors: energy (natural gas, crude oil and petroleum)

• Implementing jurisdictions: Israel, Vietnam

Check the live GTA thread covering GTA-relevant measures here. 

This tracker has so far identified 135 government actions that fall outside the scope of the GTA database. They cluster around six policy areas, including:

Price management (27 actions) 

These actions include retail price caps, freezes, tax cuts, subsidy adjustments, and direct fiscal transfers to consumers.

• Affected sectors: energy, agricultural commodities

• Implementing jurisdictions: Chile, Chinese Taipei, Croatia (x3), Dominican Republic (x2), Egypt (x2), Ethiopia, Germany, Ghana (x2), Greece, India, Kenya, Kuwait, Mexico, Montenegro (x2), Republic of Korea (x2), Romania, Saudi Arabia, United Kingdom, Zambia, Zimbabwe

Supply management (54 actions) 

This policy area included mechanisms such as reserve releases, rerouting of supply flows, production adjustments, rationing, and demand curtailment.

• Affected sectors: energy

• Implementing jurisdictions: Algeria, Australia (x3), Austria, Belgium, Canada, Czechia, Denmark, Estonia, EU, Finland, France, Germany, Greece, Hungary, India, Indonesia, Iran, Iraq (x2), Ireland, Italy, Japan, Jordan, Kazakhstan, Kuwait, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand (x2), Norway, Oman, Poland, Portugal, Qatar, Republic of Korea (x3), Russia, Saudi Arabia (x2), Serbia, Spain, Sweden, Tanzania, Türkiye, United Arab Emirates, United Kingdom, and United States of America (x2)

Demand management (16 actions)

This policy area includes measures aimed at reducing or controlling demand. For example, austerity measures and purchasing limits.

• Affected sectors: energy

• Implementing jurisdictions: Bangladesh (x3), Egypt, Indonesia, Myanmar, Pakistan (x2), Philippines, Republic of Korea, Slovakia, Slovenia, Sri Lanka (x2), Thailand, and Vietnam

Domestic subsidies (17 actions) 

• Affected sectors: energy, households

• Implementing jurisdictions:  Albania, Austria, Brazil, Cambodia, Ethiopia, Ireland, Jordan (x2), Malaysia, Montenegro, New Zealand, North Macedonia, Slovenia, Spain, Sweden (x2), Zambia

Regulatory and administrative responses (5 actions) 

This group so far covers transparency rules and task force appointments.

• Affected sectors: energy

• Implementing jurisdictions: Australia, Brazil (x2), Czechia, Saudi Arabia, United States of America