Hormuz trade drops 85 percent
Six months after the start of the war in the Middle East, the closed Strait of Hormuz continues to significantly hinder maritime trade. Ship traffic has sharply decreased to less than 20% of its pre-war levels. About one-fifth of oil and natural gas exports used to pass through the strait before it was closed, but the number of ships crossing has dropped to approximately 10 voyages per day from 95 voyages in February, amid ongoing tensions and disruptions to transit routes. It is worth noting that around 6,000 sailors and 500 ships remain stranded in the Gulf, and the situation has deteriorated significantly following provocative events, despite international efforts to find a safe passage to free the stranded sailors.
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