Pakistan-bound oil tanker passes through Hormuz Strait amid Iran war

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Ship-tracking data shows a Pakistan-bound oil tanker successfully navigating the Strait of Hormuz, suggesting some nations can negotiate safe passage despite Iran's attacks on shipping during its ongoing war with the US and Israel. Iran has effectively closed the strait — a conduit for roughly one-fifth of the world's crude oil and LNG — driving up global energy prices.

By Ariba Shahid KARACHI, March 16 (Reuters) - Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to negotiate safe passage for their vessels despite the U.S.-Israeli war on Iran. Since the war began more than two weeks ago, Iran has attacked several ships in the Gulf, in effect closing the strait, conduit for a fifth of the world's crude oil and liquefied natural gas, and driving up global energy prices. [O/R]

World Security Conflict Politics Markets Commodities Energy Shipping Strait of Hormuz oil tanker Pakistan Iran shipping disruption crude oil LNG energy prices

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