Oil and LNG tankers divert amid Strait of Hormuz tensions
pre-market1 source ↓written by the desknot a recommendation
The recent escalation in hostilities at the Strait of Hormuz has led to at least four oil and LNG tankers making U-turns in the last 12 hours. This follows Iranian attacks on three commercial vessels, prompting shipowners to reconsider transit through the region due to heightened security risks. The situation may disrupt oil and gas supply chains, impacting prices and market sentiment. ⚓
Not investment advice. For informational purposes only.