After the Iran-Iraq war, oil tankers began to avoid the Strait of Hormuz.
According to foreign media reports, after the US and Israel's bombing of Iran, some ship owners are taking a cautious approach to sailing through the Strait of Hormuz, with many oil tankers avoiding passage through this narrow waterway. Tracking data compiled by Bloomberg shows that although the waterway remains open and some ships continue to pass through, there are blockages of oil tankers both inside and outside the entrance. One ship owner believed that a certain suggestion was essentially equivalent to closing the channel; three other ship owners said they were reevaluating their transit policies; and one suggested that their ships should navigate cautiously. Mainstream crude oil futures were closed over the weekend, making it difficult to determine how traders were assessing risks after the attack. However, a retail trading product operated by IG Group showed that WTI crude oil briefly rose to as high as $75.33 per barrel, an increase of 12% from Friday's closing price.
Latest

