By Anjali Sharma
WASHINGTON – According to the UK Maritime Trade Operations on Friday several ships reported attacks or incidents between March 1 and March 4 while transited in the Strait of Hormuz.
The escalating tensions due to the West-Asia conflict involving Iran have heightened risks to global energy supply chains, particularly around the strategic Strait of Hormuz.
The reports suggested that one-fifth of the world’s oil and a significant share of liquefied natural gas shipments normally pass through the strait, making the region critical for countries dependent on energy imports.
The recent developments raise serious concerns about a broader energy supply shock as several ships reported attacks amid the ongoing Iran conflict.
