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AFBytes briefing
Disruption of the Strait of Hormuz raises global energy prices that flow through to U.S. fuel costs and broader inflation.
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What to watch next
Secretary of State Marco Rubio stated that the United States will not allow Iran to control the Strait of Hormuz. The warning centers on preventing a precedent that could affect international shipping.
Ship tracking services indicate that traffic through the Strait of Hormuz has reached a two-month low. The decline follows reports of Iranian attacks on shipping in the area.
Iran and Oman are holding ongoing discussions about maintaining safe passage for vessels through the Strait of Hormuz. The talks occur against a backdrop of recent military strikes and shipping incid…
Traffic through the Strait of Hormuz fell sharply after Iran restricted passage. Data showed only five vessels transiting compared with 26 the previous day.
Major tanker owners remain cautious about sending vessels through the Strait of Hormuz despite reports of a US-Iran agreement. They cite the need for verified safe passage before resuming normal traf…
