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Oil majors suspend shipments via Strait of Hormuz amid Iran–US escalation

Oil majors suspend shipments via Strait of Hormuz amid Iran–US escalation
# 28 February 2026 18:11 (UTC +04:00)

Some oil majors and top trading houses have suspended crude oil and fuel shipments via the Strait of Hormuz amid ongoing US and Israeli attacks on Iran and Tehran's retaliation, four trading sources said on Saturday, APA reports, citing Asharq al-Awsat.

"Our ships will stay put for several days," one top executive at a major trading desk said.

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