Oil prices rise and shipping fuel shortages deepen amid Strait of Hormuz disruption
Oil prices reportedly reached a six-week high after new US-Iran attacks, while shipping traffic through the Strait of Hormuz declined. Marine-fuel reserves are falling and prices have surged further.
By DoomRadar · Published on DoomRadar .
Why it matters
Reduced shipping through a critical energy chokepoint and tighter marine-fuel supplies could raise transport costs and disrupt regional supply chains.
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