Oil Tankers Avoid Hormuz Strait Amid US-Israel Strikes

Following US and Israeli military strikes on Iran, oil tankers are increasingly avoiding the Hormuz Strait, a critical global oil chokepoint. Reports indicate that vessel owners are adopting a cautious approach due to heightened tensions, with some ships reversing course and delaying entry into the strait.

The US has warned vessels to remain 30 nautical miles away from military assets in the region. The strikes, which occurred on a Saturday, were confirmed by US President Donald Trump as major combat operations targeting multiple Iranian cities, aimed at addressing concerns over Iran's nuclear missile program.

The Hormuz Strait is vital for global energy supply, handling roughly one-fifth of the world's seaborne oil and liquefied natural gas shipments daily. The situation has underscored vulnerabilities in the global energy supply chain, with potential implications for oil and gas markets.

Additionally, Israeli airstrikes reportedly hit a school in Minab, Hormozgan Province, highlighting the rising civilian toll amid the conflict.