Global shippers sound alarm over Strait of Hormuz amid Iran-US-Israel tensions
The critical waterway, which connects the Gulf, Gulf of Oman and the Arabian Sea, sees about a quarter of the world's oil shipments pass through it.
Global maritime companies are anxiously monitoring a potential military escalation in the Middle East, which could lead to severe disruptions in the Strait of Hormuz, the world’s most important oil transit chokepoint.
The critical waterway, which connects the Gulf, Gulf of Oman and the Arabian Sea, sees about a quarter of the world's oil shipments pass through it.
On Wednesday, the UK Maritime Trade Operations warned that rising tensions could threaten shipping in the region's key waterways.
"UKMTO has been made aware of increased tensions within the region, which could lead to an escalation of military activity having a direct impact on mariners," it said in a statement.
