40 - 50% oil global businesses hampered.
In the consequences of middle east conflicts 40 to 50% global oil trades have declined. Also hubs are burning, losses of oil raw materials are increasing mega losses for the generations.
Due to ships haulting commodities are not comming to the countries.
USA discussed with NATO countries to intervene to stop the middle east war. Iran, Teheran are increasing attacks. Gulf regions are in tense.
Japan, Australia have not in mood to send their naval escorts to the Hormuz.
USA asks partner countries to bring normalicy at Hormuz route for global economy purposes. But countries refused.
India and it's the sankalap operation is in active. Indian navy is escorting it's voyages to the country safely. 92,700 metric tonnes of LPG gas successfully escorted by the Indian navy. Some ships are in holting process at Hormuz. Timely Indian navy will brought with escorting process.
Comments
Post a Comment