Keywords: Strait of hormuz shipping
Commercial shipping through the Strait of Hormuz has halted completely as the conflict involving Iran enters its third week, marking one of the most severe disruptions to global energy supply chains in decades. Maritime analytics firm Windward reported that vessel traffic through the strategic waterway......
The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs,......
European equities posted their steepest single day drop in months on Monday as investors reacted to the deepening military confrontation involving the United States, Israel, and Iran and its fallout for global trade and energy flows. The pan-European Stoxx 600 lost around 1.8 percent, while Germany’s......
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