Economy

Shipping Industry Fears Fuel Shortages as Iran War Squeezes Bunker Fuel Supply

News 9 views
Shipping Industry Fears Fuel Shortages as Iran War Squeezes Bunker Fuel Supply
Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war's closure of the Strait of Hormuz has choked off the supply of this fuel that powers the global maritime industry and its largest refueling hub in Asia. Bunker fuel is a literal bottom of the bar...