NEW DELHI: US President Donald Trump’s announcement ending the ceasefire with Iran has escalated concerns about the transit through Strait of Hormuz of ships carrying fuel, fertiliser and other container cargo.

Despite renewed U.S.-Iran military exchanges, some tankers continue transiting the Strait of Hormuz while others delay or reverse course as security risks intensify.

Crude oil prices are soaring again, back above the $80 per barrel level as fresh tensions between US and Iran makes shipping through the Strait of Hormuz fraught with risks.…

NEW DELHI: US President Donald Trump’s announcement ending the ceasefire with Iran has escalated concerns about the transit through Strait of Hormuz of ships carrying fuel,…