Hormuz tanker crossings slip to lowest in more than two months, data shows

The conflict has exposed how one waterway can disrupt energy, trade and prices worldwide

The current conflict with Iran has been plagued by ill-defined and shifting objectives, from aspirations of regime change to more focused aims of degrading Iran’s nuclear and military capabilities.

The escalation adds further pressure to global shipping as the Strait of Hormuz remains closed and Brent crude prices hit their highest level since May.

As oil prices hit $100 a barrel on Thursday, experts say they are watching to see which vessels Yemen’s Houthis allow to pass through in the Red Sea as that will indicate how the crude market trends.