Shipping on High Alert in Mideast After US Strikes on Iran
Takeaways by Bloomberg AI
The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following US airstrikes against Iran’s nuclear facilities.
Greece, home to more oil-tanker capacity than any other nation, cautioned its ship owners to think again if they’re considering entering the Persian Gulf in the wake of US airstrikes. Vessels planning to sail through the Strait of Hormuz, the waterway that sits at the mouth of the region, should “reassess passage” until the situation normalizes, according to a circular seen by Bloomberg that its shipping ministry sent to vessel owners. It advised waiting in nearby safe ports.