Hormuz chokepoint grinds global shipping to a halt as tensions rise
TL;DR
Tanker traffic through the Strait of Hormuz has plunged as Middle East tensions flare, with about a 90% drop from the prior week as ships skirt danger; insurers are hiking war-risk premiums, major carriers have paused bookings, and oil and gas prices are climbing, threatening inflation and potentially altering Fed rate expectations.
Topics:worldbusiness#business#inflation#oil-prices#shipping-disruption#strait-of-hormuz#war-risk-insurance
- Shipping slows to a crawl through Strait of Hormuz, threatening to snarl international trade NBC News
- WATCH: How traffic dried up in the Strait of Hormuz since the Iran war began NPR
- IRGC says Iran in ‘complete control’ of Strait of Hormuz amid Trump threats Al Jazeera
- Military briefing: how Iran could wage a new ‘tanker war’ Financial Times
- How Iran's Strait of Hormuz shutdown could hit the global economy Axios
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