The closure of the Strait of Hormuz (SoH) due to ongoing conflict is causing severe structural disruptions to offshore maritime operations across the Middle East Gulf, including contract terminations for OSVs in Qatar and the UAE (up to 15 vessels), stranded newbuilds in the Gulf of Oman, and stalled EPC/construction projects due to inability to transit equipment from Asia. Insurance costs have surged up to 10x, and vessel maintenance costs are significantly elevated due to supply scarcity within the Gulf region.