Military operations in Hormuz halt global trade

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A Saudi-flagged oil tanker has been damaged following a collision with another vessel near the coast of Oman in the Strait of Hormuz.

According to sea-news.az that this was announced by Reuters, citing sources in the maritime security sector.

According to the agency, the oil tanker collided with another tanker carrying liquefied natural gas (LNG). The details of the incident have not yet been disclosed, and Saudi Arabian officials have not yet issued an official statement regarding the incident.

It should be noted that the Strait of Hormuz is considered one of the most vital maritime routes for the global transport of energy carriers.

The Strait of Hormuz, which connects the Persian Gulf to the Gulf of Oman and the Arabian Sea, is one of the world’s most strategic maritime transport routes. Approximately one-quarter of the world’s seaborne oil and a significant portion of liquefied natural gas (LNG) pass through this strait. For this reason, any incident or restriction of traffic in the Strait of Hormuz can have a serious impact on oil and gas prices in global energy markets, as well as on global trade.