Hormuz Disruptions May Last Longer as Risks to Oil Tankers Escalate
Mitsui OSK Lines’ CEO Jotaro Tamura warned that disruptions in the Strait of Hormuz will persist longer than anticipated. Escalating attacks pose heightened risks for oil tankers. While initial recovery plans were optimistic, the situation requires improved safety assurances before resuming regular transit, as Japanese refiners adjust their sourcing strategies.