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Bloomberg: Limited Resumption of Oil Tanker Crossings in the Strait of Hormuz Amid Renewed Attacks
The Strait of Hormuz saw limited passage of oil tankers in the early hours of today, despite recent attacks that have raised concerns among ship owners and caused some vessels to withdraw, including a massive tanker that had planned to pass through. Data indicated that six oil tankers either began or completed their transit after three ships were targeted in separate attacks, marking the highest number since the US-Iran peace agreement came into effect in June. The situation remains uncertain, with some vessels heading towards safer routes or turning back amid rising tensions and the US's step to revoke the waiver on Iranian oil sales. This has impacted oil movement, leading to a noticeable surge in oil and gas prices.
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