Hormuz Strait Oil Tanker Transport Stalled

BlockBeats News, February 28th, according to CCTV News, the real-time data of the International Tanker Flow Monitoring System shows that the sailing speed of oil tankers in the waters around the Strait of Hormuz has now generally dropped to zero, indicating that shipping in the region has come to a standstill. At the same time, several European governments have issued emergency instructions to their en-route oil tankers flying their national flags, demanding a strict prohibition on passing through the Strait of Hormuz to avoid the security risks brought about by the current situation escalation.