Supertankers Make U-Turn From Strait Of Hormuz Amid Fears Of Iranian Retaliation

Following US military strikes on Iran, tensions in the Middle East are disrupting global energy supplies, as evidenced by supertankers rerouting near the Strait of Hormuz. This critical chokepoint, responsible for a significant portion of oil and gas shipments, faces potential closure threats, causing oil prices to surge and prompting shippers to adopt cautious strategies amid escalating geopolitical risks.