Iran has largely halted oil and gas exports through strait of Hormuz
At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports sayIran has effectively closed the strait of Hormuz to oil and gas exports for the past four days with a mixture of drone strikes and fear that has halted commercial maritime traffic despite intense US...
<p>At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports say</p><p>Iran has effectively closed the strait of Hormuz to oil and gas exports for the past four days with a mixture of drone strikes and fear that has halted commercial maritime traffic despite intense US attacks on Iran’s navy.</p><p>At least four tankers have been struck and Lloyd’s List Intelligence reported that seaborne traffic had dropped by 80% on Sunday, with little sign of a return as key <a href="https://www.theguardian.com/business/2026/mar/02/maritime-insurers-war-risk-cover-gulf-iran-shipping-strait-of-hormuz">maritime insurers cancelled cover</a> the next day.</p> <a href="https://www.theguardian.com/world/2026/mar/03/iran-has-largely-halted-oil-and-gas-exports-through-strait-of-hormuz">Continue reading...</a>
Read the full article at:
The Guardian World →