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Maritime traffic through the Strait of Hormuz is approaching its lowest levels in three months, with the number of passing ships decreasing by up to 90% compared to the pre-escalation average before the US and Israeli military actions against Iran in February. Shipping activity has fallen to about 13 ships per day over the past five days, down from around 130 ships prior to the conflict. Oil exports through the strait have increased to approximately 9 million barrels per day, aided by US military operations, whereas previously they were around 20 million barrels. An agreement between Washington and Tehran to fully reopen the strait has stalled, amid Iranian threats to reopen only with US approval, which affects oil flows and heightens tensions in the region.
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