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The Economic Times

Economy / The Economic Times

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Hundreds of ships drop anchor in Middle East Gulf, data shows

Over 150 tankers are anchored in Gulf waters. This follows U.S. and Israeli strikes on Iran. The region is in turmoil. Shipments through the Strait of Hormuz have been suspended. This chokepoint is vital for global oil and LNG. Many vessels are stationary in exclusive economic zones. Mariners should expect increased naval presence and market volatility.

1 Mar 2026 6:40 pm