Shipping traffic through the Strait of Hormuz decreases to lowest level since May
Traffic through the Strait of Hormuz has decreased to its lowest level since May, with only three ships passing through yesterday, Thursday. This decline is due to most vessels halting their crossings following Iranian attacks on ships and the resumption of US maritime sanctions related to Iran. As a result, there has been a significant drop in navigation activity and a rise in global energy prices. No supertankers or LNG carriers have transited the strait for the second consecutive day, while some ships remain outside the region or have altered their routes. The area is experiencing heightened tensions, with Iran warning that it will not allow oil to be exported through the strait.
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