{"id":107105,"date":"2026-03-01T11:31:42","date_gmt":"2026-03-01T14:31:42","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/896641943"},"modified":"2026-03-01T11:31:42","modified_gmt":"2026-03-01T14:31:42","slug":"shipping-volume-plunges-in-strait-of-hormuz-after-us-israeli-strikes-on-iran","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/01\/shipping-volume-plunges-in-strait-of-hormuz-after-us-israeli-strikes-on-iran\/","title":{"rendered":"Shipping volume plunges in Strait of Hormuz after US-Israeli strikes on Iran"},"content":{"rendered":"
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Shipping traffic through the Strait of Hormuz has plummeted after the United States and Israeli attacks on Iran. A US media report says volume has dropped by 70 percent, as concerns rise about the impact on energy.<\/p>\n

The strait, located off Iran’s southern coast, is often described as the world’s most important energy transport route. Roughly 20 percent of global oil supplies pass through it.<\/p>\n

Iranian media say the waterway is practically closed, and that the passage of most ships — including oil tankers — has been halted.<\/p>\n

Japan imports more than 90 percent of its crude oil from the Middle East. A Japanese economist says the impact could be contained for a short period due to oil reserves, but a longer closure could lead to higher prices.<\/p>\n

Akuta Tomomichi, Senior Economist at Mitsubishi UFJ Research and Consulting, said: “If it becomes prolonged, prices for gasoline, diesel fuel, and kerosene would of course rise. I think it could spill over into electricity and gas bills. Higher costs for agriculture and fisheries could push up the prices of fresh food.”<\/p>\n

Akuta says crude oil prices — currently in the 67-dollar-per-barrel range — could rise by more than 20 dollars.<\/p>\n

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