Oil and LNG suppliers suspend shipping through Strait of Hormuz

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Some oil majors and top trading houses have suspended crude oil, fuel and liquefied natural gas (LNG) shipments via the Strait of Hormuz as the US and Israel attack Iran and Tehran retaliates, four trading sources said on Saturday.

Ships reported hearing a radio broadcast purporting to come from the Iranian navy announcing a ban on transit through the strait – a key route for the global oil trade. While there hasn’t been any official communication from Iran on the status of the waterway, most shipowners are taking a cautious approach.

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Bloomberg

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