Hormuz Shipping Traffic Slows After Iran Threats
Shipping traffic through the Strait of Hormuz slowed as Iran threatened retaliation for US attacks. Goldman Sachs subsequently raised its crude oil price forecasts due to expected regional disruptions.
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Shipping traffic through the Strait of Hormuz slowed to seven vessels on Monday after Iran threatened retaliation for any new United States attacks. The count fell from eight vessels on the previous day, according to data from Kpler released early Tuesday. Tehran warned that regional energy infrastructure remains vulnerable to strikes.
