Tehran may seek to choke off oil traffic through the vital Strait of Hormuz following US and Israeli strikes on Iran, raising fears it could deploy sea mines, officials say. President Donald Trump said…

New Delhi, Mar 12: Iran has allowed Indian-flagged vessels to pass safely through the strategically vital Strait of Hormuz despite heightened tensions in West Asia that have disrupted maritime traffic in the region, sources said. The development comes as the ongoing conflict in West Asia has placed severe pressure on key global fuel supply routes […]

Tanker traffic through the strait remains at a standstill as ship owners fear attacks by Iran. The closure has triggered the largest oil supply disruption ever.

The Strait of Hormuz has been effectively closed to shipping because of the war against Iran by the U.S. and Israel.

Mubasher: The companies exporting LNG and oil from the GCC countries through the Strait of Hormuz will feel the effects most acutely, said S&P Global Ratings. In a recent statement, S&P Global Ratings noted that it looks at the potential effect of …