Oil shipments through the Middle East are in crisis as attacks on vessels in the Red Sea and Strait of Hormuz plunge global trade into chaos, with ships going dark to evade detection and critical routes now under dual threat from Houthi blockades and Iranian hostility. Despite temporary truces, renewed hostilities have slashed traffic to near zero, forcing reroutes and raising fears of prolonged disruption — with oil prices briefly falling after U.S. signals of diplomacy, but no real resolution in sight.
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