The Strait of Hormuz blockade disrupts global shipping and energy markets, threatening $160 billion in tariff refunds businesses haven't claimed yet. Flexport CEO Ryan Petersen reveals real-time impacts: stranded container ships, doubled air freight costs, fertilizer shortages threatening food production, and helium supply risks that could halt semiconductor manufacturing and SpaceX rockets. Most companies are missing the refund deadline while tariff litigation continues. Helium and fertilizer shortages pose greater economic threats than headline oil prices, with 30% of world helium from Qatar essential for semiconductors and rockets, affecting food production during critical planting season. Container shipping only moderately disrupted because Persian Gulf routing is optional, but air freight pricing doubled since Iranian military action began, affecting high-value goods like iPhones and fashion products across Pacific routes.