Until early August, the issues had been confined largely to geopolitical hotspots like the Persian Gulf, the Strait of Hormuz and the Red Sea.

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This heightened threat environment has already triggered behavioural changes with crude oil and product tankers reported to have performed U-turns away from the Strait of Hormuz. Even where vessels ...

The Strait of Hormuz is identified as one of the world's most critical oil chokepoints, with a staggering volume of oil passing through it annually.