Beijing is routing tankers on longer, costlier voyages as the Strait of Hormuz and Bab Al Mandeb come under fire

Iran's SNSC confirms the Strait of Hormuz closure until U.S. meets demands. Traffic sits at 6% of normal levels, with Brent crude near $94 a

Iran's oil exports to Asia dropped 93% in May 2026, falling to just 2.01 million barrels as US sanctions and a naval blockade choke off