World · 2 March 2026
Carriers reroute 250 ships from Hormuz Strait over tensions.
Around 250 vessels are reported to be stuck around the Strait of Hormuz, a key waterway through which nearly 20 % of the world’s oil travels, after rising US-Israel-Iran tensions led many ships to avoid the passage and maritime insurers to pull war-risk coverage. Major carriers have halted transit and rerouted vessels, driving up freight and fuel costs. Analysts warn that prolonged disruption could worsen supply bottlenecks and push energy prices higher, with ripple effects across global trade.
Reported by Firstpost · How we write briefs