Shipping lines halt fresh cargo bookings through Strait of Hormuz amid renewed attacks
Shipping lines halted new cargo bookings through the Strait of Hormuz due to renewed military tensions, disrupting global maritime trade. This pause follows a brief ceasefire established on June 18 between Iran and the US, raising concerns over critical supply chains for energy and commodities. While Indian oil refiners report sufficient supplies until August, the situation remains precarious as the region is a key source for essential imports.