UN suspends Hormuz ship evacuations after vessel comes under fire

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The UN’s International Maritime Organization has halted its operation to escort stranded ships and seafarers through the Strait of Hormuz. The pause follows an attack on a vessel in the Gulf of Oman, raising fresh concerns over whether the preliminary deal to

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The UN International Maritime Organization (IMO) has suspended escort operations for distressed vessels and crew transiting the Strait of Hormuz. The suspension came immediately after ships were attacked in the Gulf of Oman, casting doubt on the effectiveness of the related preliminary agreement. Deteriorating security in the strait raises the risk to tankers and crude oil shipments, likely leading to higher insurance premiums and freight rates and putting upward pressure on oil prices. At the same time, route diversions and delays are expected to increase cost burdens for container and logistics companies and exacerbate supply-chain instability.

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