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Shipping activity increases in Strait of Hormuz
Despite the military tensions in the region, shipping activity through the Strait of Hormuz has experienced a revival, with 14 cargo ships crossing on Wednesday and an increase in oil tanker traffic. The U.S. military continues to support the protection of oil and gas tankers. Last week, an average of 6.5 million barrels of oil was transited daily. The Bab el-Mandeb Strait saw 21 ships passing through, compared to 38 the previous day, with approximately 3.5 million barrels of Russian oil exported.
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