A major shipping lane is back in the spotlight after the container vessel Safeen Prestige was struck by a projectile while transiting the Strait of Hormuz on March 4.
Iran War Disrupting Shipping
After what Donald Trump described as “major combat operations,” strikes on Iranian targets have intensified fears of wider conflict, putting critical oil routes and international shipping lanes on edge.
Trump Threatening A New 25% Tariff
A recent announcement has President Trump threatening a new 25% Tariff on Iran’s trading partners.
Iran May Close The Strait of Hormuz
🌍⛽ The tension is rising in the Israel-Iran conflict, and all eyes are on the Strait of Hormuz. With Iran’s Parliament voting to close the strait, the stakes have never been higher.