Tanker traffic slows in Strait of Hormuz after U.S. Iran clashes
Tanker movements through the Strait of Hormuz slowed after clashes between the United States and Iran. Observers noted reduced daily transits on Friday.
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Disruptions at the Strait of Hormuz affect global oil supply routes and can raise fuel prices paid by U.S. drivers and businesses.
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Tanker movements through the Strait of Hormuz slowed after clashes between the United States and Iran. Observers noted reduced daily transits on Friday.
Several tankers that had executed unexplained U-turns in the Strait of Hormuz later completed their transits. Traffic volumes returned toward normal levels within a day. The waterway remains a critic…