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The Economic Times

Economy / The Economic Times

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Traffic through Strait of Hormuz slows after attack on ship

Strait of Hormuz traffic saw a dip Friday after a Taiwanese ship was attacked, prompting a pause in evacuation efforts. Despite this, several tankers entered the Gulf to load oil, and two supertankers sought Iranian crude. Crude prices are heading for steep weekly losses amid easing supply concerns, with Saudi Arabia resuming loadings. Overall traffic remains below pre-conflict levels, highlighting ongoing maritime security challenges.

26 Jun 2026 4:40 pm