The head of the confrontation lines says that many oil vector owners are hesitant in the brave Strait

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The CEO said that the largest oil tanker company listed in the world rejects new contracts for sailing in the Gulf through the Strait of Hormuz after Israel’s attack on Iran.

Lars Portad’s decision from the front lines is an early sign of the widespread disruption of the expected global charging patterns as a result of The outbreak of the conflict Early Friday.

Fears focus on movements through the Strait of Hormuz, and the narrow water extension between Iran And Oman connects the Gulf and the Arabian Sea.

About a quarter of global oil supplies and a third of LNG production across the strait. It is also an important channel for Container ships Go to and from the regional axis in Jebel Ali in Dubai.

Portad said that the owners of “very few”, including the front lines, accept the covenants to enter the area.

“We are not hiring to go to the Gulf,” said Bustad. “This doesn’t happen now.”

Other marine security experts have agreed that ship owners are reluctant to use the weak waterway.

Bustad added that the company has multiple ships in the Gulf that would sail through Hormuz, with strict security and in convoys with international naval companions.

But he said: “Trade will become ineffective, and of course, security has a price.”

Iran can cause great disturbance to sail charging across the strait. Tehran can also encourage the Yemeni Houthis, who support it, to increase attacks on international shipping using the Red Sea.

In April 2024, the Iranian revolutionary guards seized the Master’s Party in Lamb, a container ship controlled by the Israel Over family, near the Strait of Hormuz and forced the crew to sail in Iranian waters.

The Houthi attacks, which begin in late 2023, forced many large shipping companies to avoid the regular Asian road to Europe via the Suez Canal and instead sailed around the good hope.

The insurance brokers said on Friday that the prices on the goods that were shipped across the Red Sea jumped by 20 percent.

A mediator familiar with the market said that the sharp rise in the cost of coverage against drones, missiles, piracy and relevant risks in the Red Sea reflects an increasing threat to attacks on commercial ships by the Houthi rebels. Earlier this week, Israel struck targets in Hodida, in the Houthi -controlled Yemen.

Peter Sand, chief analyst at the supply chain information company, XENETA, said the increasing conflict made container ships less likely to return to their normal path.

The container shipping companies – which are mostly manufactured – were especially reluctant to sail across the Red Sea.

Sand added that there will be “inevitable disorder and unit from the port” if the shipping lines decide to stop using Jebel Ali as a hub and began to use less equipped ports outside the Gulf.

Sand said that Iran might impose a “actual closure” of the Strait of Hormuz.

However, Portad did not believe that Iran would completely close the waterway due to the country’s dependence on oil revenues. “They have no interest in disrupting their pork,” said Bustad.

He added that Iran may face a problem in producing regular oil sizes after the attack. This may compel the imported oil importers on Iran – like China – to search elsewhere for supplies, in favor of the prevailing tankers such as the front lines.

To avoid international sanctions, Iran’s exports are transmitted A “dark fleet” of ships Not compatible with international shipping rules. However, buyers will need a source of crude from compatible sources that are transferred to compatible ships, Parastad said.

Frontline shares increased by 3.5 percent in afternoon trading in New York.