Strait of Hormuz Ships Halt Signals
The Strait of Hormuz experienced a decline in shipping activity over the past ten days, with the number of passing ships dropping to its lowest levels. Only 7 ships transited on Thursday, compared to 17 the previous day, amid an average movement of 15 ships daily. Additionally, many vessels ceased sending location signals during their journeys, making it difficult to accurately assess freight movement. Meanwhile, efforts to reopen the strait continue, as Iran agreed to conditions for resuming maritime traffic after reaching an agreement with Oman to share control and revenues. During the same period, 17 ships passed through the Bab el-Mandeb Strait.
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