Shipping in the Strait of Hormuz has plunged amid renewed fighting between the United States and Iran, dealing a new blow to energy markets already reeling from the biggest supply disruption in history.
No large vessel has crossed the strait via the US-coordinated route while broadcasting their location since Tuesday, with traceable crossings via the Oman-hugging lane “effectively grinding to a halt”, Lloyd’s List Intelligence said on Thursday.
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“Lloyd’s List Intelligence data shows no vessels above 10,000 dwt have transited the so-called Southern Highway with their AIS switched on since July 7, although at least two ships are believed to have crossed dark,” the maritime data company said, using the abbreviations for deadweight tonnage and automatic identification system, and US President Donald Trump’s nickname for the Omani…
