00:00And amid the escalating conflict in the region, more than 350 oil tankers are reportedly gathering the Gulf of Oman
00:06and the Persian Gulf, awaiting authorization from Iran to cross the Strait of Hormuz.
00:11Iranian media reported that the vessels include supertankers, conventional oil tankers, and LNG carriers.
00:17Iranian authorities ordered crew members on the vessels to shut down their systems and wait for authorization to cross the
00:23Strait.
00:23More than 20% of global hydrocarbon trade passes through the Strait of Hormuz, one of the main routes for
00:29global oil and gas.
00:31This is why the restrictions following the attacks in the region affect prices, supply chains, and energy markets.
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