All articles tagged with #maritime risk
Maritime risk firm warns of a worst-case scenario in the Strait of Hormuz as Iran pressures vessels into its territorial waters, with at least nine attacks since July 6, mine and threat risks, and a steep drop in traffic that has crews increasingly reluctant to transit despite security efforts and ongoing US strikes.
Traffic through the Strait of Hormuz has slowed dramatically amid renewed US-Iran fighting, with no large vessels crossing the Southern Highway since July 7 and overall transits collapsing from typical levels. Brent crude remained near $76.6 a barrel as markets brace for ongoing supply disruption and potential further price pressures, while analysts warn sustained hostilities could push prices higher and disrupt refined products as inventories tighten; regional markets also edged higher on risk sentiment.