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Wed, Mar

Shipping Crisis in the Strait of Hormuz Deepens, Tankers Stranded for Fifth Day

Shipping Crisis in the Strait of Hormuz Deepens, Tankers Stranded for Fifth Day

MARINELOG
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth

The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.

The U.S. submarine strike on the Iranian vessel came as U.S. President Donald Trump pledged to provide insurance and navy escorts to ships exporting oil and gas from the Middle East in a bid to contain soaring energy prices.

At least 200 ships, including oil and liquefied natural gas tankers as well as cargo ships, remained at anchor in open waters off the coast of major Gulf producers including Iraq, Saudi Arabia and Qatar, according to Reuters estimates based on ship-tracking data from the MarineTraffic platform.

Hundreds of other vessels remained outside Hormuz unable to reach ports, shipping data showed. The waterway is a key artery for around a fifth of the world's oil and LNG supply.

The Maltese-flagged container ship Safeen Prestige was also damaged by a projectile as it sailed toward the northern end of the Strait of Hormuz earlier, prompting the crew to abandon ship, shipping sources said.

Qatar will fully shut down gas

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