Commodities
Mideast Oil Flows Through Hormuz Hold Up After US Airstrikes
Oil shipments through the Strait of Hormuz are holding up in the wake of US airstrikes on Iran — despite warnings of heightened risk and some unusual tanker movements in the region.
There were 44 oil carriers that went through the waterway on Sunday, split equally between in-bound and outbound vessels, ship-tracking data compiled by Bloomberg show. That’s within norms observed since the start of this month. Total commercial traffic through the strait was also largely within usual ranges.