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Tuesday
20
Oct 2026
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Athens 19°C

> Strait of Hormuz

> Strait of Hormuz

240 cargo ships stranded in the Strait of Hormuz, Chinese ship transits increase

36 have been successfully passed - Shipping crisis affects 4% of the world's dry cargo

U.S. Treasury Secretary: The U.S. allows Iranian tankers to pass through the Strait of Hormuz to maintain global supply

“Iranian oil tankers have already begun leaving the area and the United States is not interfering with their passage,” Scott Bessent stressed

The blockade in the Strait of Hormuz does not only affect oil: 30% increase in fertilizer prices, concern about food production

The Strait is one of the most critical hubs for global fertilizer trade, as around one-third of international seaborne fertilizer shipments pass through this route

A tanker has caught fire following an Iranian strike in the Strait of Hormuz

The United States is preparing to send a military escort – Around 20 ships have been targeted by the Revolutionary Guards since the beginning of the conflict

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