24 Hrs
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اقتصاد
Fertilizer vessels transit Strait of Hormuz
The Strait of Hormuz experienced an improvement in shipping activity this week after Iran announced its reopening, although it declined again due to a new closure in response to Israeli attacks on Lebanon. Shipping traffic is beginning to recover, with four cargo ships carrying urea and phosphates passing through to Indian ports last week, as global fertilizer supplies from the Gulf region continue to flow, following a reduction in the impact of the recent crisis on maritime movement. The situation inside the strait remains volatile with ongoing tensions, but ship data indicates signs of a gradual improvement in shipping activity.
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