Iran Considers Opening Strait of Hormuz Amidst Economic Impact on Global Shipping and Tourism

Iran is reportedly considering allowing ships to pass through the Omani side of the Strait of Hormuz without risk of attack, as hundreds of tankers remain stranded due to a war that began on February 28. This crisis has led to a sharp rise in aviation fuel prices, prompting EU plans for fuel supply and causing airlines like Greater Bay Airlines to suspend flights. The broader Middle East conflict also poses fragility for the Greek tourism industry, despite strong demand.