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The Strait of Hormuz experienced an unprecedented decline in ship transit, with only three commercial vessels passing through, marking the lowest daily rate since May. The maritime traffic was almost completely halted due to the Iranian escalation and recent attacks. This coincided with the re-imposition of the US naval blockade on ships linked to Iran, leading to a rise in global energy prices. On Wednesday, the number of ships passing through the strait reached 11, compared to an average of about 125 ships before the escalation. For the second consecutive day, no giant oil tankers or liquefied natural gas carriers have transited. Iranian tensions are evident in threats to block oil exports if the US escalation continues, along with a temporary halt in oil loading operations in Iraq and efforts by two large tankers to carry 2 million barrels of oil.
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