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Iran reportedly closes Strait of Hormuz: Oil and gas majors and traders suspend shipments
Iran's closure warning of the Strait of Hormuz has led major oil companies to suspend shipments, impacting roughly 20% of global oil flow, with insurance premiums rising sharply.
- On Sunday, Danish shipping group Maersk suspended all vessel crossings through the Strait of Hormuz, posting an advisory that the halt will remain until further notice due to safety concerns.
- Iran's Islamic Revolutionary Guard Corps declared the shipping lane closed and unsafe, while maritime security agencies said Iran pressed a second day of strikes after US-Israeli air raids.
- The United Kingdom Maritime Trade Operations reported one ship off Oman was struck above the waterline, and Vanguard Tech located the tanker about 17 nautical miles northwest of Mina Saqr.
- Shipping firms reacted by diverting or sheltering vessels to avoid the corridor, with MSC instructing ships in the Gulf to move to safe shelter areas as nearly a quarter of global seaborne oil supplies transit the Strait of Hormuz.
- Iranian state television broadcast images saying a tanker was `sinking` amid thick smoke, state media in Oman reported four crew members injured, and Maersk said `The safety of our crews, vessels and customers' cargo remains our key priority.
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Maersk suspends vessel transit through Strait of Hormuz
Maersk, the major container shipping company, said Sunday it was halting passage through the Suez Canal and the narrow Strait of Hormuz in the Gulf, next to Iran, for "safety" reasons.
·Missoula, United States
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Maritime traffic is paralysed in the Strait of Ormuz, a key route in global hydrocarbon trade, where ships have been affected.
·Montreal, Canada
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Global maritime traffic is severely disrupted in the Strait of Ormuz, a strategic area for oil trade, due to growing tensions between Iran and the United States.
·France
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Total News Sources336
Leaning Left39Leaning Right63Center51Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 26%
C 33%
R 41%
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