Several tanker owners, oil majors and trading houses have suspended crude oil, fuel and liquefied natural gas shipments via the Strait of Hormuz after the US and Israel attacked Iran and Tehran said it had closed navigation, trading sources said on Saturday.
“Our ships will stay put for several days,” one top executive at a major trading desk said. Satellite images from tanker trackers showed vessels piling up next to big ports, such as Fujairah in the United Arab Emirates, and not moving through Hormuz.
