Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.
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Governments and energy companies move quickly to shield global oil supplies
Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Asia’s top economies are most vulnerable to any disruption at the Strait of Hormuz
Over a quarter of global seaborne oil flows through the Strait of Hormuz—making Asia’s top economies especially vulnerable to any disruption.
Iran–Israel Clash Threatens Oil Chokepoints & Global Shipping
Israel’s strikes on Iran’s strategic sites have sent Brent crude and gold prices sharply higher, while potential threats to Kharg Island and the Strait of Hormuz chokepoints could force shipping reroutes, risking wider global supply-chain disruptions.