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Strait of Hormuz Crisis: Iran Attacks Surge Global Energy Concerns
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CNBC Awaaz•06-10-2026, 23:36
Strait of Hormuz Crisis: Iran Attacks Surge Global Energy Concerns
- •Iran has launched 9 attacks on ships in the Strait of Hormuz this month, escalating fears over global energy supplies.
- •Despite ongoing attacks, oil traffic through the vital maritime route has recovered to about 80 percent of pre-war levels.
- •The cost of transporting oil from the Persian Gulf to China surged to a record 1.3 million dollars per day.
- •LNG shipments remain more restricted compared to oil since the conflict began due to specialized vessel requirements.
- •Any further decline in oil shipments through Hormuz could heighten pressure on crude prices, inflation, and interest rates.
Key Questions Answered
A total of 9 attacks have been reported in the Strait of Hormuz so far this month.
The cost of transporting oil from the Persian Gulf to China surged to a record $1.3 million per day.
Oil traffic has recovered and is currently reported to be at about 80% of pre-war levels.
