Mitsui OSK Lines Warns Strait of Hormuz Shipping Disruptions May Persist

Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns

Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns Submitted by Tsvetana Paraskova of OilPrice.com, Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, with no normalization by the end of the year, due to this week’s re-escalation of hostilities. “Given the current situation, it’s difficult to see operations resuming in any form by the end o...

By Tyler Durden