The world’s largest publicly listed oil tanker company is refusing new contracts to sail into the Gulf through the Strait of Hormuz following Israel’s attack on Iran, its chief executive has said.
The decision by Lars Barstad of Frontline is an early sign of the widespread disruption to global shipping patterns expected as a result of the outbreak of conflict early on Friday.
The concerns are focused on movements through the Hormuz Strait, the narrow stretch of water between Iran and Oman that links the Gulf and the Arabian Sea.
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