Oil prices rise and incidents in maritime and air traffic due to tension in the Strait of Hormuz
The main shipping companies are reluctant to go through it and have waited to see what happens. They have also cancelled more than 3,000 flights since the Middle East conflict broke out over the weekend.
Strait of Hormuz. Photo: Europa Press
The offensive launched this weekend by the United States and Israel against Iran is beginning to have an impact on the economy. Although Iran has not officially closed the Strait of Hormuz, it has attacked several ships, and in this situation the main shipping companies do not want to go through it.
In anticipation of what will happen today, in the last few hours the price of the Brent barrel has risen by 6%, to $77. According to experts, if attacks on Iran continue, the barrel is likely to rise to $100.
The conflict that has erupted in the Middle East has inevitably affected maritime traffic. At least four oil tankers have been attacked in the Strait of Hormuz, resulting in companies such as Maersk or Mediterranean Shipping Company ceasing to operate in the area.
Not only are there incidents in maritime traffic, but also in global air traffic.
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There will be news: Conflict in Iran, Machine Tool Fair and the day before March 3
A summary, in two words, of what will be news in the Present today.
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