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Gulf Shipping Nears Halt, Oil Prices Rise

New York Times Business •
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Shipping traffic in the Persian Gulf has fallen to its lowest in more than a month, as the ongoing conflict in Iran continues to disrupt maritime routes. Analysts say the slowdown is a warning of a possible halt in vessel movements.

At the same time, oil prices have edged higher, reflecting concern that the war could further tighten the global energy supply. Traders point to reduced tanker throughput and the risk of cargo rerouting through longer, more expensive routes.

Shipping companies are scrambling to adjust schedules, while insurers are reviewing coverage for vessels passing through the region. The current trend could signal a shift in the Gulf’s shipping dynamics, with potential long‑term impacts on trade flows and market volatility. The International Maritime Organization has cautioned that persistent disruptions could force shipping lines to adopt alternative routes, such as the Cape of Good Hope, increasing transit times and costs.

Experts warn that any escalation could push shipping traffic below current levels and push oil prices even higher. Stakeholders in.registry the energy and logistics sectors are closely monitoring developments, hoping for a swift de‑escalation to restore normalcy.