10-day decline in Strait of Hormuz shipping

Maritime traffic through the Strait of Hormuz experienced a slight increase, with 10 ships carrying goods passing through yesterday, Wednesday, compared to 7 ships the day before. However, this figure remains below the 10-day moving average of approximately 17 ships. Additionally, the British Maritime Trade Operations (UK MTO) reported that a cargo ship was damaged by an unidentified projectile inside the strait, resulting in a fire and the evacuation of the crew. Investigations are ongoing, and no reports of environmental damage have been received. The number of cargo ships passing through the strait has decreased, with only 3 ships transiting on Tuesday, below the 15-ship moving average. The Strait of Hormuz previously accounted for one-fifth of global oil and gas supplies before tensions between the United States and Iran escalated.

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