Over 3,000 vessels stalled in Persian Gulf

More than 3,000 vessels are currently stranded at ports in the Persian Gulf, awaiting passage through the Strait of Hormuz, according to a report by The Wall Street Journal, citing data from maritime information agency Clarksons Research.

The data indicates that roughly 4 per cent of global shipping tonnage is now idle in the Persian Gulf.

The Strait of Hormuz, which links the Persian Gulf to the Gulf of Oman and the Indian Ocean, is one of the world’s most critical maritime corridors. About one-fifth of global oil exports transit through the narrow waterway.

By Sabina Mammadli