Navigation Through Strait of Hormuz Drops
Recent shipping data shows that the number of ships passing through the Strait of Hormuz has remained low in recent days, with 4 ships crossing on Sunday compared to 8 the previous day. Since Friday, at least 3 crude oil tankers and a giant oil product tanker have entered to load oil, amid escalating tensions between the United States and Iran. Washington announced a naval blockade of Iranian ports and accuses Iran of attacking ships, while there have been no LNG tanker crossings since Thursday.
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