US Tightens Hormuz Blockade as Oil Tankers Turn Back
Six tankers loaded with Iranian oil have been forced to return to Iran in recent days after the US tightened its blockade of the Strait of Hormuz. The development is further evidence that the conflict between Iran and the US-Israeli coalition is severely disrupting global oil shipments, according to available data.
Before the war, more than 100 ships a day passed through the strait. Current traffic has fallen to a fraction of that figure. US forces have, by their own account, diverted dozens of vessels, while some tankers have been granted exemptions allowing them to continue towards Asia.
Tensions are also rising between shipping companies and insurers, who are warning of high risks. Hundreds of ships and thousands of seafarers remain stranded in the area.