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12 ships transit Strait of Hormuz
Shipping activity through the Strait of Hormuz has significantly decreased, with only 12 ships carrying goods crossing over the weekend, compared to 35 ships the previous week, according to data from Kaleido and Reuters. Meanwhile, oil producers in the Middle East continue to export oil through the strait using vessels that sail after disabling their transmitters and receivers, making their movements harder to track. Iran shot down an Israeli "Orbit" drone over the strait, while Iranian leaders confirmed that negotiations or opening the strait will not resume until Iran's conditions are met. Data indicates that ship transit through the strait has fallen to its lowest level since May, with a notable decline in shipping activity amid ongoing tensions.
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