Article
"Expect Moderate Disruptions": Oil Tankers Avoid Strait Of Hormuz As Operation Fury Hits Iran
"Expect Moderate Disruptions": Oil Tankers Avoid Strait Of Hormuz As Operation Fury Hits Iran
Automatic Identification System (AIS) vessel-tracking data indicate that multiple tankers abruptly reversed course near the entrance to the critical maritime chokepoint of the Strait of Hormuz early Saturday, following the U.S.-Israeli operation (Operation Epic Fury) targeting Islamic Revolutionary Guard Corps command-and-control infrastructure in multiple Iranian cities.
Bloomberg reporter Stephen Stapczynski pulled data from the Terminal that shows shipowners of crude oil, crude products, and LNG tankers are avoiding the strait, even though the waterway remains open and...
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The Complicated Reality Behind High Gas Prices
The Complicated Reality Behind High Gas Prices
Authored by Petr Svab via The Epoch Times,
Average gas prices in the United States have gone up by almost 40 percent since March 1.
The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait cannot deliver their oil, depriving the world of 7 percent to 10 percent of its supply.
Although that explains drastic price increases and even shortages in Europe...
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