The conflict in Iran could have consequences for international trade that extend beyond oil and gas.It has been less than a week since the start of the U.S.–Israeli operations in Iran, and oil tanker traffic in the Strait of Hormuz—a key global chokepoint for energy shipments—has come to a screeching halt. Approximately 200 oil tankers have been stranded in the Gulf, according to data from Lloyd’s List Intelligence.
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Ottawa
Friday, May 1, 2026
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