How the military escalation impacted navigation through the Strait of Hormuz: key numbers and implications
The repeated collapses of the memorandum of understanding between the United States and Iran have led to heightened tensions in the Strait of Hormuz, resulting in a sharp decline in commercial shipping traffic by 55% and a 58% decrease in oil transits. This has occurred amidst mutual military confrontations and fears of the crisis expanding and affecting global energy markets.
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