Brief by Shorts91 NewsDesk / 12:01pm on 23 Jun 2025,Monday International
Following U.S. strikes on Iran, supertankers traversing the Strait of Hormuz are executing U‑turns, zig‑zagging, or pausing to avoid the conflict zone. The VLCCs Coswisdom Lake and South Loyalty notably reversed course, per ship‑tracking data. Empty tanker entries into the Gulf have dropped 32%, while loaded departures declined 27% since early May. Major shipping firms including Japan’s Nippon Yusen and MOL are instructing vessels to minimise Gulf exposure. Iran’s parliament has approved a measure to potentially close the strait, pending final approval by its Supreme National Security Council. Analysts warn oil prices could surge toward $100 a barrel if disruptions persist.
