Strait of Hormuz

Four Ukrainian sailors from the Epaminondas container ship, which was detained by the Islamic Revolutionary Guard Corps in the Strait of Hormuz in April, have left Iran and are safe.

Two tankers carrying nearly 2 million barrels of oil passed through the Strait of Hormuz on Monday, weighing on prices as the gradual resumption of transits weighs.

or Ukraine, which remains one of the world’s largest agricultural exporters and at the same time depends on the import of part of nitrogen and phosphate fertilizers, possible disruptions in the operation of the strait mean not only the risk of rising product prices, but also a potential impact on future yields and the cost of crop production.

USM continues to analyze how events in the Strait of Hormuz affect logistics and prices in Ukraine. This time — to what extent the Ukrainian market depends on supplies through the Strait of Hormuz and what consequences may arise for the agricultural sector, as well as how critical the experts see the situation.

The prospect of unblocking the Strait of Hormuz and restoring fuel and fertilizer supplies has dragged grain prices down.

Analysts warn that prolonged disruptions to shipping could trigger a deep oil shortage, a new price spike and a global recession.

Russian oil stored in floating storage facilities will last some countries for six months.

The Strait of Hormuz is thousands of kilometers from Ukraine, but its crisis is already being felt by Black Sea freight. USM gathered the opinions of Ukrainian experts in the field of shipping and logistics to find out how events in the Middle East affect Ukraine.

Kyiv will offer its partners its own experience in operating a maritime corridor in the Black Sea.

Four Ukrainian minesweepers currently in Britain may join the demining of the Strait of Hormuz.

Ukraine is considering the possibility of joining international efforts to protect shipping in the Strait of Hormuz.