Oil prices jump on tanker attacks and slowing flows through Strait of Hormuz

Oil prices surged following recent attacks on oil tankers and a decrease in flows through the Strait of Hormuz, a vital waterway for global oil supplies.

The transit through the strait rose close to 90% of prewar levels in June but has since fallen sharply, raising concerns about potential disruptions.

This news is significant as it affects global energy markets and could impact the shipping industry, including seafarers.