Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
Category: Ships and Shipping
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business:Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say
The New York Times – Business:Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business:But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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US Blockade Stops Iran-Linked Ships From Crossing Strait of Hormuz
The New York Times – Business:U.S. Central Command said that six vessels had complied with directions to turn around and re-enter an Iranian port.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz
The New York Times – Business:The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.