Fresh attacks on shipping and US retaliation raise Strait of Hormuz risk
The Strait of Hormuz has seen a new rise in tension after reports of an attack on a Singapore-flagged cargo ship and subsequent US retaliation against Iranian military sites. The developments come only days after Washington and Tehran agreed to end months of fighting and reopen the waterway, which carries a large share of global energy shipments. Maritime security officials and shipping companies are now warning that the gap between the ceasefire on paper and conditions at sea remains wide.According to the supplied report, the vessel Ever Lovely was struck by what US officials described as an Iranian drone shortly... [Continue Reading]
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