Transportation Bottlenecks
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"BECOMING A PARKING LOT": Backed up ships indicate slowing oil trade and spiking gas prices
MSNBC· 2026-03-02 03:08
IN THE HOURS FOLLOWING, THE U .S. AND ISRAEL'S STRIKES ON IRAN, THE ISLAMIC REPUBLIC HAS RETALIATED. IRAN HAS LAUNCHED MISSILE ATTACKS ALL ACROSS THE REGION.THE B .B .C. REPORTS AT LEAST THREE TANKERS HAVE THAT HAVE BEEN ATTACKED AND IN AN EXTREMELY OIL-RICH AREA THAT IS A HUB FOR INTERNATIONAL TRADE. THE THREAT OF A LONGER WAR IS SENDING SHOCKWAVES THROUGH their economy.As much as a third of all of the world's oil shipments passed through the strait to Hormuz, which of course is just off Iran's coast. The ...