First reported by The Independent
Trump-Nato latest: US president says Iran ceasefire is over and says Tehran are ‘scum’
Oil tanker traffic through Strait of Hormuz drops sharply after Iranian attacks on commercial ships
Oil tanker traffic through the Strait of Hormuz has dropped sharply after Iranian attacks on three commercial ships, with crossings falling from an average of 33 per day to just 13 on Wednesday. Oil prices have rallied more than 6% as investors worry about potential disruption to crude exports through the strategic waterway amid escalating U.S.-Iran tensions.
Key quotes
Thirteen tankers crossed Hormuz on Wednesday compared with an average of 33 per day over the previous week
The ships either followed the route controlled by Iran or switched their transponders off to avoid tracking
Oil prices have rallied more than 6% this week as investors worry that crude exports through Hormuz could plunge
From the article
Oil has rallied more than 7% this week as investors worry that exports through Hormuz could plunge as the U.S. and Iran fight for control of the strait.
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