Strait of Hormuz, controlled by Iran, has registered only 40 ship transits since the start of the war
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TL;DR
- Maritime traffic in the Strait of Hormuz has dropped to 40 transits since Sunday, from a daily average of 100.
- The Strait of Hormuz is a vital point for global oil trade, with 20% of crude oil transit passing through it.
- Concerns over safety and conflict uncertainty have led to the decrease in traffic, with many ships anchored in the Persian Gulf.
- US President Donald Trump's commitment to boost non-sanctioned vessel movement through Hormuz was welcomed.