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Hormuz Strait traffic drops to May lows
Shipping data recorded an average of 10 ships passing through the Strait of Hormuz daily over the past ten days, marking the lowest level since May, following military escalation between the United States and Iran. This came after American and Iranian strikes targeted oil tankers, with Washington hitting three vessels linked to the Iranian Revolutionary Guard. Tehran responded by targeting ships and tankers associated with the United States, reflecting heightened tensions in the region.
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