Several leading global oil and trade companies have temporarily halted fuel shipments through the Strait of Hormuz following the start of Israeli–US attacks on Iran and Tehran’s retaliatory actions on Saturday, according to reports. A senior executive from a major trading company told Reuters that their vessels would remain halted for several days, citing security risks and regional instability as reasons for the suspension.

The Strait of Hormuz, located between the Arabian Peninsula and Iran, is one of the world’s most critical maritime routes, handling about 20 million barrels of crude oil and other fuels daily. The temporary suspension of shipments through this passage has raised concerns about potential disruptions to the global energy market.

Analysts warned that any prolonged disruption in the Hormuz Strait could lead to higher international oil prices and increased pressure on global energy supply chains.