Interesting shift
It's wild how quickly shipping patterns can redraw the map when geopolitics heats up. Makes you wonder how long this detour lasts and what it means for insurance premiums.
Most Hormuz shipping traffic taken via Omani route – report
SINGAPORE: More than 80 percent of vessel transits through the Strait of Hormuz over the past two weeks have taken the Omani route, a UN-authorized shipping channel, CNN reported, quoting Kpler. “It increasingly looks like Iran has at least partially lost control of the strait,” said Homayoun Falakshahi, head of crude oil analysis at Kpler, which was in stark contrast a month ago when shipping traffic via the Omani route was non-existent.