Updates:

  • The Saudi tanker company Bahri is suspending shipments through the Strait of Hormuz. Petrobras is doing the same. The suspension of transit is temporary but it shows that the regional tensions are having some impact on oil flows. The oil markets have discounted the previous attacks on oil tankers in the region but the tanker companies have not forgotten about it. In that sense, the tanker attacks of last year were successful, as they have increased deterrence capacity of Iran.