Trafigura Warns World’s Largest Energy Crisis Is Far From Over
Commodity trading giant Trafigura says the conflict in the Middle East has already removed more than 1.1 billion barrels of oil from global markets and warned that even a near-term...
Maersk Tigris, file image (c) Damietta Port Authority/MarineTraffic.com
By David Lerman
(Bloomberg) — The U.S. Navy has stopped accompanying U.S.- flagged ships through the Strait of Hormuz, ending a mission that began last week after Iran’s seizure of a cargo ship.
The Navy ended the operation Tuesday, but its ships remain in the area conducting maritime operations, Army Colonel Steve Warren, a Defense Department spokesman, told reporters Wednesday at the Pentagon.
A U.S. destroyer continues to monitor the seized cargo ship, the MV Maersk Tigris, which flies the flag of the Marshall Islands, Warren said.
©2015 Bloomberg News
This article contains reporting from Bloomberg, published under license.
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