Shipping through Hormuz drops to 6 ships
Marine traffic through the Strait of Hormuz decreased to 6 ships on Monday, compared to an average of 11 ships over the previous ten days, amid shrinking hopes of reaching an agreement between the United States and Iran. Data showed that four ships, including two oil product tankers, entered the strait, while two vessels carrying liquefied petroleum gas and remaining fuel exited. Typically, between 130 and 140 ships pass through the strait before tensions escalate. Indicators are increasingly pointing to a decline in maritime activity in the Gulf, with the belief that political tensions are negatively impacting maritime shipping movements.
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