Crisis escalates in the Strait of Hormuz: “We hit two more tankers,” say the Revolutionary Guards
Reports indicate that one of the two vessels was Greek – The US carried out another series of strikes on Iranian targets – Brent crude prices eased slightly but remained close to $90 per barrel
Very few ships are now passing through the Strait of Hormuz
Only eight vessels transited the strategic waterway on Thursday—half the number recorded on Wednesday
Double shock in global diesel market disrupts product tanker balance
Russia’s export ban and the crisis in the Strait of Hormuz are reshaping trade flows, creating new routes for cargoes and altering the outlook for the product tanker market
