Decreased Ship Traffic in Hormuz Strait
Maritime traffic through the Strait of Hormuz has sharply declined, with the number of cargo ships passing through the strait dropping to 7 ships yesterday compared to 8 the day before, following Iran's threat to respond to any new American attacks. The data also indicated that Iran warned the region's energy infrastructure is vulnerable, and shipping disruptions are expected to continue into next year, leading Goldman Sachs to raise its oil price forecasts. Conversely, traffic through the Bab el-Mandeb Strait increased, with 29 ships passing yesterday, up from 17 ships the previous day, despite the possibility that some vessels may have been passing with their transmitters and receivers turned off.
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