Iran's Strait Closure Cuts Maritime Traffic
There was a sharp decline in shipping activity through the Strait of Hormuz following Iran's announcement of the re-closure of the maritime passage. The number of ships passing through dropped from 26 to just 5 in a single day. The vessels included large oil tankers transporting around two million barrels of Saudi oil and fuel oil, with one tanker en route to Japan. Data also suggest that some ships may not have been fully accounted for, as their communication systems were turned off while crossing the area. This comes amid escalating tensions between Iran, the United States, and Israel concerning agreements and violations in the region.
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