Global petrol prices have risen again this week as commercial shipping traffic through the crucial Strait of Hormuz plunged to a three-week low following an intensified US naval blockade and persistent Iranian military stand-offs.
The maritime slowdown in the Persian Gulf, reported on Sunday by the US Naval Forces Central Command, threatens to disrupt key energy supply lines after two weeks of severe regional escalation. With Tehran continuing to assert control over the strategic passage, the US Fifth Fleet confirmed that merchant vessels are actively avoiding the area or being redirected, keeping global energy supplies in the balance.
