Reduction in Strait of Hormuz crossings

The number of ships passing through the Strait of Hormuz has dropped to less than half the average over the past ten days, with only 6 ships crossing yesterday Tuesday compared to an average of around 12 ships daily. This indicates disruptions in maritime traffic resulting from the escalating US-Israeli war against Iran. During this period, the region has experienced significant military and economic escalation, with oil prices rising above $100 per barrel, Iran’s oil exports halted due to US sanctions, the Houthis launching attacks on Saudi ports, and US forces targeting several Iranian oil tankers. Despite the risks, limited shipping activity has persisted, with approximately 27 ships passing through daily over the past ten days, as some large carriers continue to traverse the strait.

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