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Strait of Hormuz crisis Tankers and Gas Political Risk and Trade

Tanker transits through Strait of Hormuz plunge as Iran attack kills crew member

  • Strait of Hormuz tanker transits drop significantly last week as shipowners sharply reduce exposure to the waterway
  • The recurrence of a fatal attack on seafarers and the reinstatement of the US maritime blockade on Iran are expected to further reduce transits.
  • Proposed US toll of 20% on cargo would cost a fully laden VLCC about $32m, threatening to reshape global shipping economics

  • Analysis

Iranian missile strike kills crew member and US reinstates blockade as Strait of Hormuz tanker transits nearly halve, signalling deeper crisis ahead

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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