Iran-U.S. Strait crossing drops
The number of ships passing through the Strait of Hormuz decreased to 7 vessels on Wednesday, compared to 12 ships the day before, which is below the ten-day average of 14 ships, amid escalating tensions between Iran and the United States. U.S. President Donald Trump announced his proposal to rename the strait the "Trump Strait," believing that the Iranian leadership would be pleased by this, and emphasized that American forces fully control the passage. Oil prices continued to rise, with Brent crude remaining above $100 per barrel, following Iran's attacks on oil tankers in response to being targeted by Washington.
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