Commodities

Mideast Oil Flows Through Hormuz Hold Up After US Airstrikes

Oil Market Weighs Risks as Mideast Conflict Continues

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.