The Strait of Hormuz: Iran's trump card
Iran threatens to block the strategically important Strait of Hormuz, a critical global oil trade route, by mining it alongside an uptick in attacks on transport vessels, prompting responses from the US.
The average inter-branch freight rate "exploded"
The maritime market reached levels not seen since the golden years of 2007-2008 following U.S. and Israeli attacks on Iran that impacted shipping routes.