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  • 11 hours ago
Maersk suspended container services linking the Middle East with Asia and Europe as Strait of Hormuz traffic effectively halted on day seven of the Iran conflict. The corridor carries ~20% of global oil and gas, with 147 container ships sheltering in the Persian Gulf.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Danish shipping company Maersk temporarily suspended two container services,
00:06linking the Middle East with Asia and Europe as the war involving Iran disrupts global shipping
00:11routes, according to CNBC. The company halted the service, connecting the Far East to the Middle
00:17East and the service, linking the Middle East to Europe as a precaution to protect personnel
00:21and vessels. The conflict entered its seventh day as shipping traffic through the Strait of
00:26Korma's effectively stopped. The corridor normally carries about 20% of global oil and gas.
00:32Freight analytics firm Zenita said 147 container ships are sheltering in the Persian Gulf.
00:39Maersk also suspended regional shuttle services and removed Jebel Ali from the Mi-1 route while
00:43continuing calls in India and Oman. For all things money, visit Benzinga.com.
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