Strait of Hormuz oil traffic halts second day

Oil tanker traffic in the Strait of Hormuz has been halted for the second consecutive day, with a significant decrease in vessel passage—only three ships passed through on Thursday, the lowest since May. This decline is due to Iranian attacks on ships and the United States resuming its maritime blockade related to Iran. The reduced volume of navigation reflects escalating security risks and operators’ responses to safety assessments, while tensions have increased following July's attacks. Iran has responded with strict vessel monitoring and threats of restrictions on navigation, leading to a rise in global oil prices.

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