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Vessels are crossing the Strait of Hormuz with transponders off following renewed US-Iran strikes, replacing visible traffic with untraceable "dark crossings." The US insists the strait is open, but Iran is demanding transit permissions, creating direct uncertainty for global oil flows.
Oil prices rose Thursday after the U.S. launched new strikes against Iran, dimming hopes for a Strait of Hormuz reopening. Shipowners are growing more cautious on transit and insurers are reviewing vessel coverage, adding upward pressure on crude prices.
Iran's Navy broadcast a radio message to merchant vessels declaring the Strait of Hormuz closed to transit, while ships attempting passage reported gunfire. The strait carries roughly one-third of global seaborne oil, making any enforced closure an immediate shock to energy supply and shipping insurance markets.
Iran's military declared it will keep the Strait of Hormuz under strict control until the US restores free passage for vessels trading with Iran. The move threatens roughly 20% of global crude oil supply and raises immediate risk premiums for tankers and energy markets. No resolution timeline has been set by either
Tag
Vessels are crossing the Strait of Hormuz with transponders off following renewed US-Iran strikes, replacing visible traffic with untraceable "dark crossings." The US insists the strait is open, but Iran is demanding transit permissions, creating direct uncertainty for global oil flows.
1mo ago · 4 min · Global Affairs
Oil prices rose Thursday after the U.S. launched new strikes against Iran, dimming hopes for a Strait of Hormuz reopening. Shipowners are growing more cautious on transit and insurers are reviewing vessel coverage, adding upward pressure on crude prices.
1mo ago · 3 min · Global Affairs
Iran's Navy broadcast a radio message to merchant vessels declaring the Strait of Hormuz closed to transit, while ships attempting passage reported gunfire. The strait carries roughly one-third of global seaborne oil, making any enforced closure an immediate shock to energy supply and shipping insurance markets.
4mo ago · 1 min · Global Affairs
Iran's military declared it will keep the Strait of Hormuz under strict control until the US restores free passage for vessels trading with Iran. The move threatens roughly 20% of global crude oil supply and raises immediate risk premiums for tankers and energy markets. No resolution timeline has been set by either
4mo ago · 1 min · Global Affairs
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