Hormuz Strait Sets Transit Record

The Strait of Hormuz recorded its highest shipping traffic since the start of the conflict in the region, with at least 36 cargo ships passing through. This record number reflects increased activity following the signing of a memorandum of understanding between the United States and Iran. This level of movement accounts for about one-third of the daily maritime traffic through the strait, which typically handles around 20% of the world's oil exports and other raw materials.

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