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Iran's Attacks on Tankers Disrupt New Oil Shipping Pattern Through the Strait of Hormuz

Iran's Attacks on Tankers Disrupt New Oil Shipping Pattern Through the Strait of Hormuz

The article explains that Iran's recent attacks on oil tankers have led to the emergence of a new pattern in oil shipping through the Strait of Hormuz, known as "shuttle trips." These have become a primary means of exporting crude oil from the Gulf during periods of security tensions. Many countries, especially the UAE, have relied on these operations as a main route to avoid the risks associated with crossing the strait, despite increased costs and the danger of attacks. A decline in the number of passing ships has been observed, along with growing difficulties in maritime security, alongside United Nations warnings about the continued crossing of the strait amid escalating tensions between Iran and the United States. Oil prices have risen by over 10%, amid ongoing security fluctuations.

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