1 Day
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صدى البلد
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Oil prices dip below $100 as Strait of Hormuz reopens
Iran is demanding that the United States reopen the Strait of Hormuz within seven days, in exchange for easing military pressure and lifting the blockade on Iranian ports. The closure of the strait remains ongoing for the 206th day, with a significant decline in shipping activity, as only 12 ships have passed through in the past 24 hours out of 443 ships stranded there. Freight movement has been severely impacted, with only 1.5 million tons passing through compared to 10.3 million tons under normal conditions. Currently, 165 oil tankers and 145 cargo ships remain stranded.
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