Tanker Risk Response to Iran-Israel Is The Real Oil Chokepoint

Global tanker operators and shipping authorities have taken decisive action, even without an official closure of the Strait of Hormuz, amid escalating tension between Israel and Iran. Their public statements, route shifts, and risk assessments are reshaping freight scheduling, insurance premiums, and–most significantly–energy market sentiment in real time. Oil shippers may have walked back some of their panic expressed during the weekend, which led oil to jump 7%, but this isn’t over, and the volatility will be high.  …