The closure of the Strait of Hormuz is causing vessel supply to tighten globally through indirect mechanisms, such as war risk surcharges and insurance withdrawal. The disruption of the strait, through which around 20% of global oil and LNG transit, has triggered a cascading shock to energy-intensive industries. This has sharply increased dry bulk shipping ...<p><p>https://www.hellenicshippingnews.com/strait-of-hormuz-disruption-raises-iron-ore-costs/</p></p>