FacebookTwitterEmailLinkedin According to Xclusiv Shipbrokers’ latest market commentary, the renewed Middle East escalation is reshaping tanker market dynamics as Gulf producers expand alternative export routes and reduce reliance on the Strait of Hormuz. Strait of Hormuz risk moves beyond war premiums The renewed escalation in the Middle East has again placed the Strait of Hormuz at the centre of the energy and shipping debate, but this time the discussion is moving beyond war-risk premiums and temporary rerouting. Following the latest exchange of attacks, the escalation of tension and President Trump’s proposal for a 20% charge on cargoes transiting Hormuz, which eventually was taken back, the market is being forced to price not only the risk of physical disruption, but also the possibility that the world’s most important oil chokepoint becomes a more expensive and politically managed corridor. RelatedNews China’s car export surge drives more vehicles onto container ships Company offers six months’ salary to seafarers for Hormuz voyage var jnews_module_21378538_0_6a5f737521064 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21378538","include_category":"","exclude_category":"","include_author":"","include_tag":"1573,2647,239","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_cate