\n<\/p>\n
Note: Times shown are in Iran Standard Time. Some ships in the region transmit false positions and others sometimes stop broadcasting their locations, and may not be reflected in the animation. Ships with sparse location data are shown in a lighter shade.<\/span> Source: Kpler and Spire.<\/span> <\/p>\n Every day, around 80 oil and gas tankers typically pass through the Strait of Hormuz, the narrow waterway off Iran\u2019s southern coast that carries a fifth of the world\u2019s oil and a significant amount of natural gas.<\/p>\n On Monday, just two oil and gas tankers appear to have crossed the strait, according to a New York Times analysis of shipping activity from Kpler, an industry data firm. Since then, one tanker passed through.<\/p>\n \u201cIt\u2019s a de facto closure,\u201d said Dan Pickering, chief investment officer of Pickering Energy Partners, a Houston financial services firm. \u201cYou\u2019ve got a significant number of vessels on either side of the strait but no one is willing to go through.\u201d<\/p>\n Tankers have been staying away from Hormuz since the U.S.-Israeli attacks on Iran that began on Saturday. A prolonged conflict could ripple broadly across the global economy, threatening the energy supplies of countries halfway around the world and stoking inflation.<\/p>\n International oil prices have climbed 12 percent since the fighting began, trading Tuesday around $81 a barrel, and natural gas prices have surged in Europe and in Asia. A senior Iranian military official threatened on Monday to \u201cset on fire\u201d any ships traveling through the Strait of Hormuz. Vessels in the region have already come under attack. Several oil and gas facilities have also been struck or affected by nearby shelling, though the damage did not initially appear to be catastrophic.<\/p>\n Ras Laffan Industrial City<\/p>\n Note: Damage as of 2 p.m. Eastern time Tuesday.<\/span> Source: Kpler, Kuwait National Petroleum Company, Saudi Arabian Ministry of Energy, Planet Labs, QatarEnergy, United Kingdom Maritime Trade Operations and Vanguard Tech.<\/span> <\/p>\n A fire broke out Tuesday at a major energy hub in Fujairah, United Arab Emirates, from the falling debris of a downed drone, the authorities said. On Monday, Qatar halted production of liquefied natural gas, or fuel that has been cooled so that it can be transported on ships, after attacks on its facilities.<\/p>\n Facilities at Ras Tanura oil refinery in Saudi Arabia were on fire on Monday after two Iranian drones were intercepted, according to Saudi Arabia\u2019s Ministry of Energy, causing fragments to fall.<\/span> Vantor<\/span><\/p>\n The sharp reduction in tanker traffic is reducing the supply of oil and gas to world markets, pushing up prices for both commodities. And the longer that ships stay away from the Strait of Hormuz, the less oil and gas gets out to the world, which could raise prices even more.<\/p>\n Shipping companies have paused their tankers to protect their crew and cargo, and because insurance companies are charging significantly more to cover vessels in the conflict area.<\/p>\n On Tuesday, President Trump said that \u201cif necessary,\u201d the U.S. Navy would begin escorting tankers through the strait. He also said a U.S. government agency would begin offering \u201cpolitical risk insurance\u201d to shipping lines in the area.<\/p>\n In addition to tankers, other large vessels regularly go through the strait, including car carriers and container ships. In normal conditions, nearly 160 make the trip each day.<\/p>\n Some ships in the region turn off the devices that broadcast their positions, while others transmit false locations \u2014 making it hard to give a full picture of the traffic in the strait.<\/p>\n The Shiva is a small oil tanker that has repeatedly faked its location, according to TankerTrackers.com, which tracks global oil shipments. It is suspected of carrying sanctioned Iranian oil, according to Kpler. The Shiva was one of the two tankers that crossed the strait on Monday.<\/p>\n The oil and gas that typically moves through the strait comes from big producing countries like Saudi Arabia, Iraq, Iran and United Arab Emirates, and is exported around the world.<\/p>\n Note: Tanker paths are since Jan. 1 and include all tankers and gas carriers.<\/span> Source: Kpler and Spire.<\/span> <\/p>\n In 2024, more than 80 percent of the oil and gas transported through the Strait of Hormuz went to Asia. China, India, Japan and South Korea were the top importers, according to the U.S. Energy Information Administration.<\/p>\n Countries have energy stockpiles that could last them into the coming months, but a continued shutdown of the strait could damage their economies.<\/p>\n Several big disruptions have roiled supply chains in recent years, but the tanker standstill in the Strait of Hormuz could have an outsize impact.<\/p>\n","protected":false},"excerpt":{"rendered":" Ships near the Strait of Hormuz before and after attacks began Note: Times shown are in Iran Standard Time. Some ships in the region transmit false positions and others sometimes stop broadcasting their locations, and may not be reflected in the animation. Ships with sparse location data are shown in a lighter shade. Source: Kpler<\/p>\n","protected":false},"author":1,"featured_media":45762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[867,1123,84,268,900,8228,261],"class_list":{"0":"post-45761","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-gas","9":"tag-global","10":"tag-iran","11":"tag-oil","12":"tag-supplies","13":"tag-threatening","14":"tag-war"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/45761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45761"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/45761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/45762"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Where ships and energy facilities have been damaged<\/h3>\n<\/p>\n
Where tankers moving through the Strait have traveled<\/h3>\n<\/p>\n