Shipping firm reports Strait of Hormuz traffic
On Friday, the rate of ship passage through the Strait of Hormuz remained limited, with only 8 vessels crossing — fewer than in previous days. Ship operators are waiting for more details about Iran and Oman's plans to manage this vital waterway. Questions are being raised about how the new transit procedures will be organized and whether Washington and its allies will agree to a joint system that allows Iran and Oman to control the strait. Navigation is expected to remain below pre-war levels, which could lead to continued rises in oil prices, currently settled at $83.55 per barrel.
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