Hormuz Trade Declines 85 Percent

Six months after the Strait of Hormuz was closed due to the war in the Middle East, maritime trade has declined to its lowest levels, dropping from 95 voyages per day before the closure to an average of 15 voyages currently. This has resulted in a significant decrease of up to 85% in the transit of essential goods. Iran has warned of the presence of mines in the area and has established two separate routes for ships to pass: one along the northern Iranian coast, and the other to the south between the Omani coast and areas potentially mined, with few ships using these routes during periods of relative calm.

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