Hormuz Ship Traffic Falls to Seven Amid Middle East Risks
Only seven commodity ships transited the Strait of Hormuz on Thursday as regional peace talks stalled. Meanwhile, vessel traffic through the Bab el-Mandeb strait slowed slightly to twenty-three ships.
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Seven commodity ships sailed through the Strait of Hormuz on Thursday morning, dropping to half the previous daily tally as peace talks involving the United States and Iran remained stalled. The waterway handled nearly a fifth of global shipments of Natural Gas and crude oil before conflict escalated. Markets are monitoring transit volumes closely for potential disruptions to Brent Crude Oil flows.
