1 Day
Source:
الاقتصادية
Shipping stability in Middle East amid war uncertainty
Ship tracking data indicates that maritime traffic in the Middle East's two strategic waterways—the Strait of Hormuz and the Bab al-Mandab Strait—remains limited due to escalating security concerns. In the Strait of Hormuz, only eight ships have transited, the same number as the previous day, with at least six ships entering; however, overall movement has significantly decreased compared to the period before the February 28 crisis that led to the closure of the passage. In the Bab al-Mandab Strait, 20 ships have passed through, with an equal number of entries and exits, though some vessels may not appear in the statistics due to communication device disruptions. Amid ongoing mediation talks between the United States and Iran—progressing according to Qatar—oil prices have declined in response to these developments, despite Tehran’s denial of continued negotiations.
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