Chokepoint: Tracking Trade Policy Responses to the Hormuz Crisis

19 May 2026: 13 new measures spanning across 9 implementing jurisdictions

• 18 May 2026: The United States renews temporary authorisation for Russian crude oil and petroleum products

• 13 May 2026: Brazil announces new subsidy scheme for gasoline and diesel 

• 11 May 2026: Peru provides USD 2 billion in guarantees for state-owned Petroperú

• 11 and 12 May 2026: Australia, the UK and the US sanction entities connected to Iran

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 157 different actions spanning seven different policy areas.

Export barriers (40)

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, steel, manufacturing goods
• Implementing jurisdictions: Brazil (x4), China (x3), Egypt (x2), European Union, Hungary, India (x7), Iran (x4), Iraq, Ireland, Pakistan (x2), Romania, Russia (x2), Serbia (x4), Slovakia, South Korea (x3), Switzerland, Thailand (x2), Türkiye, the United States of America (x2), and Vietnam

Domestic subsidies (69)

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

• Affected sectors: energy (diesel, LPG, natural gas, kerosene); services (export logistics support, SME financing, political risk insurance, aviation).
• Implementing jurisdictions: Australia, Brazil (x3), Bulgaria, Chile, China, Colombia, Croatia, Egypt, European Union (x2), France, Germany, India (x5), Ireland (x2), Italy (x2), Japan (x2), Malaysia (x2), Mexico (x9), Morocco, New Zealand (x3), the Netherlands, Philippines (x6), Peru, Portugal (x2), Republic of Korea (x10), Slovenia, South Africa, Thailand (x2), Turkiye, the United States of America

Import barriers (20)

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 (x2), Malaysia, Mexico (x7), Republic of Korea, Philippines, South Africa, Türkiye (x3), Vietnam

Capital controls (24)

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

• Affected sectors: energy, agricultural commodities, services

• Implementing jurisdictions: Australia, Canada, Egypt, the United Kingdom (x2), the United States of America (x18), 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 231 government actions that fall outside the scope of the GTA database. They cluster around eight policy areas, including:

Price management (36 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: China (x3), Chile, Chinese Taipei, Croatia (x3), Czechia, Dominican Republic (x2), Egypt (x3), Ethiopia, Germany, Ghana, Greece, India, Kenya, Kuwait, Mexico (x3), Montenegro (x2), Republic of Korea (x3), Romania, Saudi Arabia, United Kingdom, Uruguay (x2), Zambia, Zimbabwe

Supply management (63 actions) 

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

• Affected sectors: energy

• Implementing jurisdictions: Algeria, Australia (x5), Austria, Belgium, Canada, Czechia, Denmark, Estonia, EU, Finland, France, Germany, Greece, Hungary, India (x3), Indonesia, Iran, Iraq (x2), Ireland, Italy, Japan, Jordan, Kazakhstan, Kuwait, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand (x4), Norway, Oman, Poland, Portugal, Qatar, Republic of Korea (x3), Russia, Saudi Arabia (x2), Serbia, Spain, Sweden, Tanzania, Türkiye, United Arab Emirates, United Kingdom, the United States of America (x3), Vietnam (x2)

Demand management (27 actions)

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

• Affected sectors: energy

• Implementing jurisdictions: Australia (x2), Argentina, Bangladesh (x3), Egypt, Indonesia (x2), India, Japan, Malaysia, Myanmar, Moldova, New Zealand, Pakistan (x2), Philippines, Republic of Korea (x2), Slovakia, Slovenia, Sri Lanka (x2), Thailand, and Vietnam (x2)

Domestic subsidies (64 actions) 

• Affected sectors: energy, households, diesel users

• Implementing jurisdictions: Albania, Argentina (x2), Austria, Australia (x2), Brazil (x2), Canada, Cambodia, Cyprus, Czechia, Ethiopia, France, Germany, Greece (x3), Hungary, India, Indonesia, Iraq, Ireland, Italy (x2), Jordan (x2), Kenya, Kuwait, Latvia, Laos, Lithuania, Malaysia (x4), Montenegro, New Zealand (x3), North Macedonia, Panama, Philippines (x6), Poland (x4), Serbia, Slovenia, South Africa, Spain, Sri Lanka, Sweden (x2), Thailand (x2), Vietnam (x2), Zambia, Zimbwawe

Regulatory and administrative responses (17 actions) 

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

• Affected sectors: energy
• Implementing jurisdictions: Australia, Brazil (x2), Czechia, European Union (x2), Hong Kong, Kenya, Laos, Malaysia, Pakistan, Qatar, Saudi Arabia, the United States of America, Vietnam (x3)