Few bulk ships transit Hormuz amid navigation decline

Shipping data shows that maritime traffic through the Strait of Hormuz has decreased significantly, as only three ships passed yesterday compared to four ships the day before, representing a sharp decline from the ten-year average of around 15 ships per day. This level of activity is among the lowest in months, partly due to discrepancies in ship data caused by some vessels deliberately switching off their transmitters and receivers. This downturn occurs amid ongoing diplomatic movements and signals of concern over a potential escalation, especially following statements by the U.S. President about the possibility of destroying Iran if an agreement is not reached. Additionally, the transit of ships through the Bab el-Mandeb Strait— a key route for oil shipments between the Red Sea and the Gulf of Aden — has also declined, with 22 ships passing compared to an average of about 26 ships over ten days. This reflects a atmosphere of tension and uncertainty in the region.

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