Shipping traffic drops in key straits
MaritimeTraffic data shows a significant decline in shipping activity through the Strait of Hormuz and the Bab el-Mandeb Strait, due to the ongoing military escalation related to the war on Iran. Over the past 24 hours, 15 ships have passed through the Strait of Hormuz, marking a slight increase compared to the previous day, though still well below the previous average of around 120 ships per day before the escalation. In the Bab el-Mandeb Strait, 48 ships have transited, compared to 37 the day before, but overall vessel movement has decreased by about 20% since tensions with the Houthi militants escalated. This highlights a deterioration in maritime navigation in the region as tensions between Iran and major powers intensify, raising security and economic concerns over international trade routes.
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