Trading companies and oil importers have deferred chartering for several tankers in the Persian Gulf and released those previously hired, prompting owners to seek employment elsewhere to maintain cash flow, several Asia-based shipping brokers, owners and charterers told Platts, part of S&P Global E»»»

Market Commentary: Since late February, the US–Israel confrontation with Iran has moved from a high-risk backdrop to an operational shipping event, with Hormuz transits have not been “formally” closed in a legal sense, but the Strait is increasingly treated as non-viable by large parts of the comme»»»