Hormuz shipping slowdown raises questions for Turkey
Traffic through the Strait of Hormuz has slowed markedly. Only a handful of oil tankers have passed in recent days according to shipping data.
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Disruptions at the Strait of Hormuz can raise global oil prices and directly increase energy costs for Turkish households and industry.
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Traffic through the Strait of Hormuz has slowed markedly. Only a handful of oil tankers have passed in recent days according to shipping data.
Two Emirati oil tankers were struck by Iranian cruise missiles inside the Strait of Hormuz. One Indian crew member died and eight others were injured in the incident.