Oil tankers are beginning to crowd the waters near Singapore after dangerous conditions in the Strait of Hormuz slowed shipping across one of the world's most important oil routes. These ships carry millions of barrels of oil, and their sudden arrival in Southeast Asia is drawing attention from energy traders around the world.
The buildup follows weeks of tension in the Strait of Hormuz due to the US-Israel-Iran war. The Strait of Hormuz is a narrow waterway that handles a large share of the world’s oil exports. Military strikes, drone attacks on ships, and security warnings have made many shipping companies rethink their routes.
The congestion around Singapore has eased slightly since the start of the war, but remains elevated compared with the period immediately before. Many continued toward Asia and are now pausing near Singapore while buyers, traders, and shipping firms decide what to do next.
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