Brief by Shorts91 Newsdesk / 03:01pm on 23 Jun 2025,Monday International
Amid escalating tensions in West Asia following US airstrikes on Iranian nuclear sites, six supertankers made a U-turn from the Strait of Hormuz, raising concerns over global oil supply. Two of the vessels—Coswisdom Lake and South Loyalty—briefly turned back before re-entering the strait. The strategic waterway handles 20% of the world’s oil shipments. Shipping firms remain cautious, with Japan reducing transits and Greece advising its fleet to avoid the region. The sudden movements reflect growing fear of Iranian retaliation, especially after Tehran vowed a response to the US strikes. Disruption in this vital route could spark global energy instability. (PC: News18)
