Greek Shipowners Risk All in Hormuz
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Greek shipowners are taking immense risks by navigating the Strait of Hormuz with oil and dry bulk tankers, despite the U.S.-Israeli conflict with Iran. The potential for massive profits, driven by soaring oil prices and tanker rates, outweighs the dangers posed by mines, missiles, and drones. Despite the U.S. militarys refusal to provide escorts, at least ten Greek-operated vessels and two Chinese ones have made the journey since the conflict began. The Iranian military has already hit sixteen ships, threatening to keep the strait closed and potentially drive oil prices to over $200 per barrel. Seafarers unions are outraged, labeling these voyages as reckless in a live war zone.
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