WS #14237
Shipping through the Strait of Hormuz has slowed to near-zero (zero vessels Sunday per Kpler) amid US-Iran tensions, supporting oil prices and pressuring shipping/airlines. The US-Iran ceasefire MOU expired on August 17 with no extension, escalating geopolitical risk and supporting oil prices.
Hormuz shipping disruption
Shipping through the Strait of Hormuz has slowed to near-zero (zero vessels Sunday per Kpler) amid US-Iran tensions, supporting oil prices and pressuring shipping/airlines.
The US-Iran ceasefire MOU expired on August 17 with no extension, escalating geopolitical risk and supporting oil prices.