Strait of Hormuz Ship Traffic Halved
Despite regional escalation, the Strait of Hormuz saw its largest oil transit since the start of the war, with a significant number of oil tankers passing through. Maritime traffic was halved, with only seven ships passing, amid a security incident that resulted in the death of two sailors on a Saudi tanker. Additionally, the U.S. president announced that the Strait of Hormuz is under American control and is considering renaming it the "Trump Strait." Meanwhile, the price of Oman oil surged significantly, approaching $122, amid escalating tensions in the region.
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