Shipping in Strait of Hormuz hits lowest since May

Shipping data showed that the average number of raw material ships passing through the Strait of Hormuz has dropped to its lowest level since May, reaching 10 ships per day over the past ten days. This comes after American and Iranian strikes targeted oil tankers. U.S. forces bombed three Iranian tankers in the middle of the week in response to previous attacks, while the Iranian Navy announced that it had targeted unauthorized tankers and American vessels in the strait. The maritime escalation and increased risks pose a significant threat to navigation and oil traffic, with oil prices expected to rise if the attacks continue.

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