Freight rates for supertankers and LNG carriers surge as traffic through the Strait of Hormuz nearly halts amid escalating U.S.-Iran tensions, sending energy markets sharply higher.

Dozens of ships remain stranded as traffic through the vital oil route stays shut for a fourth day, with Greece urging protection for global shipping and seafarers amid the escalating Iran conflict

Greece's shipping ministry is on heightened alert and in communication with marine companies; no incident has been reported so far with Greek-owned vessels operating in the wider maritime region

Greek-owned vessels advised to exercise maximum caution when sailing through the critical sea lane

Tehran announced temporary closures in the vital oil route as indirect nuclear negotiations with Washington began in Geneva amid a U.S. military buildup

Amid rising tensions with Iran, U.S. warns commercial vessels to avoid territorial waters and not resist boarding, highlighting ongoing nuclear and regional security concerns

Ship traffic through the Strait of Hormuz continues with a slight decline, amid the backdrop of the escalating conflict between Iran and Israel.

Greece fears a closing of the Strait of Hormuz, and is on alert for increased migration flows and terrorist attacks following the Damascus bombing.

Bloomberg reports that ships planning to navigate the narrow passage of the Persian Gulf should reassess their transit through the Strait of Hormuz