#HormuzOilShippingRisks

About HormuzOilShippingRisks

Attacks on merchant ships in Hormuz are rising. Singapore-flagged GFS Pride sank after an Oct 13 attack. Kpler puts oil flows over the past week at ~9.7M bpd, down ~43% from pre-conflict levels. Saudi output increases and alternative export routes offer relief, but supply remains uncertain. Brent closed at $105.92/bbl Oct 15; WTI rose ~3%. Can shipping recover and alternative routes fill the gap? Could higher freight and insurance costs further affect oil supply and prices?