Oil shipments are rerouted due to restrictions at key straits. Crude oil reaching a new all-time high by December 31 at 13.5% YES.

Explore how the Strait of Hormuz crisis is disrupting oil flows, trade routes and supply chains, reshaping the global economy and driving up prices worldwide.

SINGAPORE: The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping…