Hormoz Strait sees limited passage amid rising tensions
The movement of cargo ships passing through the Strait of Hormuz dropped to 7 ships on Monday, the lowest level since May, amid increasing tensions between Washington and Tehran and attacks on commercial vessels. This has prompted shipping companies to tighten safety measures and avoid passing through the strait. This decline reflects the impact of military escalations on navigation and global energy markets, especially given the heavy reliance on the Strait of Hormuz for the export of oil and gas from the Gulf. Meanwhile, the number of ships passing through the Bab el-Mandeb Strait rose to 29 vessels, indicating a shift of some trade routes to alternative passages.
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