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Shippers on Edge Around Strait of Hormuz After Israel-Iran Escalation ...Middle East
Following the Israel-Iran flare-up in the Middle East, the UK and Greece have cautioned their commercial shipping companies to be extra careful and log all voyages through the world’s key oil transit chokepoint, the Strait of Hormuz. Israel launched overnight a series of coordinated airstrikes on Iran, targeting nuclear facilities in what it describes as a decisive move to prevent the Islamic Republic from becoming a nuclear power. Iran has vowed retaliation and launched drones at Israel on Friday. The shipping industry fears an escalation…
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