Hormuz Tanker Traffic Slumps as U.S. and Iran Trade Threats
9 Articles
9 Articles
The European Bags close in order scattered with the look of the Middle East, where he holds the clash between USA and Iran and the closure of the Strait of Hormuz. (ANSA)
Hormuz tensions are reshaping global trade routes
Persistent tensions surrounding the Strait of Hormuz are reshaping the economies and trade routes of the Gulf and the wider world. Fewer than 20 ships transited the waterway over the weekend, with little sign of a US-Iran truce on the horizon. Qatar, which has built its international profile off liquefied natural gas sales through the strait, has slashed spending, while Saudi officials are talking with brokers in London about devising a politica…
Barely fifteen ships in a weekend against more than 130 a day in the past. The Strait of Ormuz is now a very high-risk area where maritime traffic has collapsed. Between the price of crude oil at most...
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