"Addiction to Fear and Ships Disabling Tracking: How the Escalation in the Strait of Hormuz Is Reshaping Energy Markets"

Maritime traffic through the Strait of Hormuz has declined to its lowest levels since the start of the U.S.-Iran escalation, with the number of passing ships dropping from 33 to 15. The movement of vessels through international and Omani southern routes has also slowed down. Security tensions have led to rising oil prices and postponed sales activities, while the International Energy Agency warned of potential negative repercussions on the global energy market if the escalation continues.

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