Iran closes Strait of Hormuz again; 2 ships report attacks
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Analysts warn shipping risks through the conduit are at their highest level yet after this weekend's vessel strike and U.S. seizure of an Iranian-linked ship.
Smaller ships see rising demand as the Strait of Hormuz blockade disrupts global shipping, forcing companies to adapt to higher risks and supply chain challenges.
Iran fired at a UK cargo ship in the Strait of Hormuz yesterday, Donald Trump has said in a social media post. The US President said Iran had committed a ‘total violation of our ceasefire agreement’ and threatened to ‘knock out every single Power Plant’ and bridge if a deal isn’t made between the warring countries.
The vessels were forced to dock in ports throughout the Persian Gulf since the conflict broke out on Feb. 28
Iran says it has reverted to "strict" conditions in the Strait of Hormuz, just one day after announcing the reopening of the waterway.
Ships were largely avoiding the Strait of Hormuz on Monday after an escalation at the weekend in which Iran fired what appeared to be warning shots at vessels and the U.S. military seized an Iranian cargo ship.