Trade sources said most tanker owners, oil majors and trading houses had suspended crude oil, fuel and liquefied natural gas shipments through the strait after Tehran warned ships against moving through the waterway. More than a fifth of global oil is moved through the strait. [ Iran’s supreme leader Ali Khamenei confirmed dead following US-Israeli attacks ]Middle East leaders have warned Washington that a war on Iran could lead to oil prices jumping to more than $100 a barrel, RBC analyst Helima Croft said. The Iran crisis also prompted Asian governments and refiners to assess oil stockpiles and alternative shipping routes and supplies. Kpler analysts said in a webinar on Sunday that India might turn to oil from Russia to make up for potential Middle East supply loss.
