Oil tankers turn back from Hormuz after vessel attacks
Multiple oil and gas tankers reversed course away from the Strait of Hormuz after recent attacks on vessels. The moves signal immediate caution among commercial operators.
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Disruptions in the Strait of Hormuz directly affect global oil supply and can raise gasoline and energy costs for American drivers and manufacturers.
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Multiple oil and gas tankers reversed course away from the Strait of Hormuz after recent attacks on vessels. The moves signal immediate caution among commercial operators.
Tracking data recorded 29 vessels on Saturday and 12 on Sunday versus 74 midweek. The decline follows reported attacks in the area.
Five more South Korean-operated vessels have exited the Strait of Hormuz. The movement follows prior departures and occurs against a backdrop of regional maritime concerns.
Iran requires ships to use its route and pay tolls. The United States advises vessels to sail the Omani corridor instead.
Shipping traffic through the Strait of Hormuz reached a two-month high after a deal halted the U.S.-Iran conflict. Maritime data firms recorded the increase on Friday.
Maritime data firm Lloyd’s List Intelligence indicates that major shipowners have begun routing vessels through the Strait of Hormuz again.