Strait of Hormuz

Shipowners and traders are reacting to the escalation of risks in the Strait of Hormuz: freight rates are rising and pressure on the energy market is increasing.

Global shipping companies have warned of risks to key shipping lanes after Israel’s strikes on Iran, including the Strait of Hormuz.

The escalation of the conflict between Iran and Israel has become a new cause for concern. Iran has repeatedly attacked merchant vessels crossing the strait over the years and has threatened to block transit in the past.