Strait of Hormuz shipping decline despite Trump
Ship tracking data shows a decline in maritime traffic through the Strait of Hormuz, with vessel transits decreasing by approximately 45% compared to the average of the past ten days, despite American statements affirming that the strait is open to shipping. Chinese shipping companies have avoided the corridor since late July due to security concerns, leading to oil transfers from regions outside the Gulf, and a halt in the transit of Saudi oil shipments, even though Washington has confirmed that there are no negotiations with Iran. This situation reflects ongoing security risks affecting energy supplies and exacerbates the challenges of transporting oil through the region.
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