Over 200 tankers, including two Indonesian ones, are stranded in the Strait of Hormuz due to U.S.-Israel strikes on Iran, disrupting global oil flows and spiking prices.

Over 200 tankers, including two Pertamina-owned vessels, are stranded in the Strait of Hormuz due to escalating U.S.-Israel military actions against Iran, disrupting vital oil shipments. The strait, which handles about 20% of global oil trade, saw transits drop to four vessels on a recent Sunday. Indonesia is negotiating the release of its detained tankers, prioritizing crew safety and energy security, while diversifying supply sources and increasing U.S. crude imports. The crisis has raised global oil prices and triggered market instability, with South Korea activating a $68 billion fund to stabilize its markets.