Hermes reshuffle and oil markets
Oil tankers face additional risks when passing through the Strait of Hormuz due to Iran's closure of the strait following the Israeli bombing of Lebanon. The Iranians announced that the strait will not reopen until a ceasefire is respected there. Although American officials confirmed that navigation continued normally, the situation has caused disruptions in oil markets, with expectations of increased shipping costs and impacts on global oil prices, which stood at around $80 per barrel, with the possibility of rising to nearly $100 if the closure persists.
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