Hormuz tanker traffic drops as US-Iran fighting disrupts oil route
Why it matters: The strait carries roughly a fifth of global oil use, and some crossings fell by half to two-thirds across shipping datasets.
Bloomberg, The Straits Times +1
Subject
#Gulf Of Oman
Series: Iran · US Iran Hormuz Crisis · 2 chapters since Jul 18
Asian LNG hits 4-month high as Hormuz traffic slows amid US-Iran clash
Why it matters: Spot LNG reached about $20.2 per mmBtu, roughly double prewar levels, while supertanker crossings and Gulf oil transfers fell.
Trump, Modi push trade deal at G7 amid strain over Gulf attack
Why it matters: Modi raised the deaths of three sailors after a US strike on Indian-crewed vessels in the Gulf of Oman.
Bloomberg, The Straits Times
Nearly 600 ships wait near Hormuz as reopening plan faces doubts
What's next: Even if traffic resumes June 19, mines, insurance and security risks could keep oil and LNG flows below normal.
Bloomberg, The Straits Times +4
Iran fires warning missiles, drones at US warships in Gulf of Oman
What's new: The confrontation followed a US interception of the sanctioned stateless tanker M/T DAVINA in the Indian Ocean.
The Straits Times, Axios
US says it disabled cargo ship trying to reach an Iranian port
The US military said it fired on the Lian Star after the vessel ignored warnings and tried to breach a blockade of Iranian ports.
PBS NewsHour, The Hill