Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude ...

Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on By Sam Meredith, CNBC • Published June 17, 2025 • Updated on June 17, 2025 at 2:31 am ...

The Strait of Hormuz has long been the target of the Iranians as it’s a major shipping route where around 20 per cent of oil traded worldwide passes through the waterway.

The number of container vessels slowing down at the Strait of Hormuz is more than three times the normal level, said Ami Daniel, chief executive of artificial intelligence company Windward, amid ...

Would that be possible, and what effects would it have? The Strait of Hormuz is a choke point at the entrance to the Persian Gulf. It is used to transport about 20% of global daily oil consumption.

War risk insurance premiums for shipments to the Middle East Gulf have jumped to 0.5% from around 0.2-0.3% a week ago, as risks grow to the critical Strait of Hormuz, the sources said.

While Iran could disrupt the Strait of Hormuz through attacks on oil tankers, it's not clear how it could close the waterway — or if it has the capacity to do so. The Strait of Hormuz remains open.

CANBERRA, Australia (AP) — Australia has joined Britain and Bahrain in signing onto a U.S.-led maritime security mission to protect international shipping in the Strait of Hormuz amid tensions ...