Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
Category: Strait of Hormuz
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Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes
The New York Times – Business: -
Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf
The New York Times – Business:The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
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Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship
The New York Times – Business:The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business:A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously
The New York Times – Business:Shipping companies hoping to get their stranded vessels out face complications like mines and the lack of clear coordination.
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Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business:After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
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Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
The New York Times – Business:An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
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Reopening of Strait of Hormuz Still a Question Mark
The New York Times – Business:Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.