Mar 4 • 04:45 UTC 🇬🇷 Greece To Vima

War in Iran: More than 3,200 ships trapped in the Persian Gulf

A significant disruption in shipping has occurred in the Strait of Hormuz due to escalating military tensions, impacting global oil and gas supply.

For the fifth consecutive day, traffic has been halted in the Strait of Hormuz, a crucial artery through which approximately 20% of the world's oil and gas supply passes. Iranian media reported statements from a senior Revolutionary Guards official stating that any ship attempting to pass would be fired upon, escalating fear and leading to a mass suspension of passages. This threat has intensified the already fragile situation in the region, as shipping companies are now wary of the potential risks involved.

British shipping brokerage Clarksons reported about 3,200 vessels of all types trapped in the Persian Gulf, representing 4% of the world's fleet. Ship arrivals in the strait have decreased by 80% in recent days compared to normal levels prior to the onset of the military conflict. This significant drop underscores the severe impact that the ongoing tensions are having on international trade routes, particularly in the energy sector, which is already under strain from existing geopolitical tensions.

Among the trapped vessels are 112 oil tankers, with 70 classified as Very Large Crude Carriers (VLCCs). This blockade has not only potential implications for the global oil market but also raises concerns about the safety of maritime navigation in this strategic area. As the situation develops, the international community will likely closely monitor developments in the Strait of Hormuz, a vital passageway that plays a key role in global energy security.

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