Strait of Hormuz traffic at a standstill as fears grow for global oil supply - NBC News
Strait of Hormuz traffic at a standstill as fears grow for global oil supply - NBC News
Source: NBC News
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DW NOTE
The Strait has been recovering for three weeks under the US-Iran ceasefire. If traffic is now at a standstill again, either the ceasefire has collapsed or Iran has mined fresh corridors. A second closure means the six-month clearance timeline restarts and crude supply losses — already past 1.3 billion barrels — accelerate from here.