Limited cargo ship movement through Hormuz

The Strait of Hormuz has experienced a significant decline in the number of cargo ships passing through it for essential goods, with five ships passing yesterday, while no ships crossed on Sunday. This is a sharp decrease compared to 31 ships at the beginning of last week. This downturn follows attacks on oil tankers in the strait and escalating tensions after negotiations between the United States and Iran stalled, with Iran demanding the return of shipping activity by meeting its demands regarding the maritime passage. The Gulf Cooperation Council condemned the attacks on ADNOC’s tankers in the strait amid a worsening security and political situation in the region.

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