22 Hrs
Source:
RT Arabic
Kepler reports limited Hormuz transit
Ship movement data showed a sharp decline in navigation through the Strait of Hormuz over the weekend, with only 5 ships crossing on Saturday and none recorded on Sunday, compared to 31 ships the previous week, amid discussions about the impact of tensions between the United States and Iran. Unproductive talks were held regarding ending the conflict in the Middle East, leading to a slowdown in oil tankers’ transit and a modest rise in oil prices, with Brent crude increasing by 0.2% to $88.72. Tensions escalated further following accusations of attacks on ADNOC ships, while Iran insists that the Strait of Hormuz remains its sovereign and independent waterway, with Tehran affirming that American losses are strategic and that the strait remains under Iranian control.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)