Iranian attacks on commercial shipping in the Strait of Hormuz and nearby waters have surged sharply in October and will we explore what this means for exports from the region and the maritime industry.
In the latest Maritime Crossroads episode Marcus Hand, Editor of Seatrade Maritime News and Noam Rayden a Senior Research Fellow at the Washington Institute of Near East Policy discuss the upsurge on ship attacks by Iran.
In our last episode, we explored Iranian attacks against commercial shipping over the past months, looking for patterns and trends to understand how these attacks have evolved and what to expect next. We also warned of more attacks to come based on Iran’s maritime behavior which has proved to be the case.
This month, more than 20 ship attacks have been recorded in the Strait of Hormuz and surrounding waterways.
In today’s episode, we discuss the latest ship attacks, examining a few of them to identify the vessels targeted and consider how this may or may not affect the flow of oil through the Strait of Hormuz.
The latest attacks come amid the gradual recovery in the region’s crude exports, including those from Iraq, OPEC’s second-largest oil producer. Iraq is among the most vulnerable exporters because it relies on the Strait of Hormuz for its southern crude oil exports, which mainly head to Asia, its key market.
We also zoom in on Iraq which we believe deserves more attention given its internal challenges amid the region’s shipping and energy crisis.
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