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Data showed that the number of ships passing through the Strait of Hormuz remained low at the beginning of the week, with four tankers crossing compared to eight the previous day, amidst escalating tensions between the United States and Iran that have led to mutual attacks in the region. In recent days, Iran and its allies have targeted maritime navigation in the strait, which handles about one-fifth of global oil shipments. Meanwhile, the United States announced the imposition of a maritime blockade on Iranian ports. Additionally, the British Maritime Trade Operations agency reported a fire on a vessel in Oman, as concerns grow over the potential halt of LNG tanker movements within the Gulf due to military escalation.
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