Shipping Freeze Persists in Strait of Hormuz Amid Rising Risks

Traffic through the Strait of Hormuz remained largely frozen amid increasing tensions, as Iran attacked ships and the US started a plan to guide vessels out of the vital waterway.

Activity was limited to a handful of vessels, mostly linked to Iran, as of early afternoon in London on Monday. US President Donald Trump’s proposal to help stranded ships out of the Persian Gulf, framed as a “humanitarian gesture,” left shipping executives looking for details as the security outlook remains uncertain.