A series of attacks on commercial vessels in the Strait of Hormuz has intensified uncertainty around one of the world’s most critical energy transit routes.
While some tankers continue to navigate the narrow waterway, shipping companies are increasingly opting to reroute their cargo to avoid the heightened risk, according to reports from CNBC Indonesia and the Australian Financial Review.
The disruption comes after a sharp escalation in regional hostilities, including missile strikes on three commercial vessels, one of which was a Qatari LNG tanker.
Qatar has formally blamed Iran for the incidents, which occurred near the Omani border.
The attacks have directly challenged the security of maritime trade, prompting a reassessment of risk premiums in global energy markets.
Crude oil prices surged earlier in the week following the initial reports of the attacks, reflecting market anxiety over potential supply bottlenecks.