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Hormuz Tensions Threaten Navigation
Ship movement through the Strait of Hormuz has sharply declined due to escalating tensions between the United States and Iran, with the number of passing vessels dropping to 15 ships over 24 hours, carrying a total cargo of 1.5 million tons, representing only 14.6% of the normal rate. This situation comes amid mutual threats, as Washington has announced its readiness to strike Iran, while Tehran responds with increased attacks and threats to expand targeting energy facilities and maritime routes. Reports warn that ongoing tensions could lead to a significant rise in oil prices, with predictions that Brent crude could increase by two to ten dollars per barrel in 2026, and the possibility that prices might reach $150 per barrel if the crisis persists for three months.
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