73 Days
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سواليف
How did the military escalation impact navigation through the Strait of Hormuz?
The Strait of Hormuz has experienced an escalation in military tensions and increased hostility between the United States and Iran, leading to a decline in ship and oil transit activities by approximately 55-58% from June to July. The average number of ships passing through dropped from 33 to 15 ships per day, and the volume of oil crossing the strait decreased from about 10 million to 4 million barrels daily. This escalation has caused widespread disruptions in the energy market and oil prices, which soared to over $87 per barrel. Militants and military strikes have focused on military installations, intensifying restrictions on navigation in the region.
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