A damaged Russian tanker carrying thousands of tons of LNG is drifting uncontrolled in the Mediterranean: It is approaching the coast of Malta, watch the video
Maltese authorities are already preparing an emergency response plan, as thousands of tons of natural gas remain inside the ship. The tanker suffered significant damage after an explosion off the coast of Libya last week
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
