Clarksons: Strait of Hormuz Transits Plummet 95% Amid Middle East Conflict
Clarksons Research reports a 95% drop in Strait of Hormuz transits to just 5 vessels daily due to Middle East tensions, severely disrupting global oil shipping lanes.
Hormuz Strait Disruption Risks Asian Fuel Shortages Within Weeks
Overseas Shipholding Group CEO warns of Asian fuel shortages within weeks due to Hormuz Strait disruptions, impacting 20% of global oil and over 60% Asian dependency.
Hormuz Strait: Bulk Carriers Reroute via Iran Amid 97% Traffic Fall
At least five bulk carriers diverted to Iranian waters in March, with Hormuz Strait traffic down 97%, impacting 20% of global oil and gas supply.