Oil transfer activity in Gulf of Oman slows following ship attacks, data shows
Oil transfer activity in Gulf of Oman slows following ship attacks, data shows Reuters
Oil transfer activity in the Gulf of Oman has slowed significantly following recent attacks on ships in the region, according to data. The decline in operations reflects heightened security concerns among tanker operators and insurers. The attacks, which occurred in the strategic waterway, have disrupted normal oil transfer procedures, leading to delays and increased costs. Analysts warn that continued instability could further impact global oil supply chains.