Foreign Media: Shipping through the Strait of Hormuz has sharply declined after being attacked in Iran
Russian State News Agency, Moscow, March 2nd - According to the news website Maritime News, after the United States and Israel launched an attack on Iran, the volume of cargo transported through the Strait of Hormuz has sharply decreased, and insurance companies have begun to increase war risk premiums and re-examine insurance coverage.
According to the report, as of late on February 28th, the traffic through the Strait of Hormuz had dropped by about 70% compared to 12 hours earlier.
The message indicates that there is currently no official blockade, but due to the impact of security threats, the market is facing actual paralysis in transportation. One-fifth of the world's oil is transported through the Strait of Hormuz, and alternative routes cannot fully compensate for the impact of the disruption.
The article states that the insurance market is exerting additional pressure, with war risk premiums rising sharply, and some policies are being reviewed or canceled.
Experts pointed out that even if the Strait of Hormuz is not completely closed, factors such as war risks, insurance restrictions, and navigation obstacles will encourage ships to avoid this route as much as possible. In the near future, the safety of crew members and ships is likely to become the primary concern, which will lead to further delays in supply and increased costs in the global energy market.
Original: toutiao.com/article/1858566956979204/
Statement: This article represents the personal views of the author.