The agency noted that recent confrontations necessitate extreme vigilance from vessel operators navigating the region, particularly as multiple tankers have begun altering their routes or dropping anchor to await safety clearances.
The market volatility intensified following political commentary from the NATO summit in Ankara, Turkey, where diplomatic prospects appeared to fracture.
"It's just a waste of time dealing with them," said U. S.
President Donald Trump when asked by reporters about the status of the ceasefire between the two nations.
"For me, I think it's over," responded Trump regarding the interim agreement.
Financial analysts warned that the combination of energy supply threats and existing market vulnerabilities could prolong the downturn.
"As such, geopolitical headlines will likely determine market sentiment over the coming hours.
A further deterioration in the situation could weigh further on equity valuations along with rising stress in technology," said Ipek Ozkardeskaya of Swissquote in a commentary.
Domestic analysts in heavily impacted importing countries expressed similar concerns regarding macroeconomic stability and foreign investment capital.
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"This could also spark fresh foreign outflows, potentially slowing a market that was on the verge of recovery," said Kranti Bathini, director of equity strategy at Wealthmills Securities.
