Strait of Hormuz traffic stalls after Iran threats and US-Israel strikes
Updated
Updated · Bloomberg · May 1
Strait of Hormuz traffic stalls after Iran threats and US-Israel strikes
9 articles · Updated · Bloomberg · May 1
The vital Persian Gulf shipping lane has been near-standstill since late February, after Tehran threatened ships following US and Israeli attacks on Iran.
The disruption has driven energy prices sharply higher and hit sectors including Indian fertiliser production, South Korean manufacturing and European aviation.
Countries around the Gulf produce more oil and gas than any other region, and much of it must pass by tanker through the narrow strait.
Could the current crisis in the Strait of Hormuz permanently reshape global energy trade routes and alliances?
How likely is a full reopening of the Strait of Hormuz in the coming months, and what obstacles could delay it further?
With Russia and China supporting Iran, how might this conflict alter the balance of power in the Middle East and beyond?