We know what’s coming and we are prepared.
Tankers Flee Strait of Hormuz
Following U.S. strikes on Iran, tanker traffic through the Strait of Hormuz has dropped sharply.
Two VLCCs—Coswisdom Lake and South Loyalty—made U-turns near the strait, reflecting rising tensions. Tanker entries and exits fell by 32% and 27%, respectively.
Iran’s parliament approved a resolution allowing potential closure of the strait, a key oil route handling 20% of global supply. Though not enforced yet, the threat has rattled markets—Brent crude surged over 9%.
Ship movements show zig-zagging, detours, and delays. Some resumed transit, but GPS jamming and electronic interference persist.
Despite the strait remaining open, risk to global energy and shipping remains high.
Source: Reuters
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