60 ships transit Strait of Hormuz
The news of approximately 60 commercial vessels crossing through the Strait of Hormuz on Wednesday reflects the largest daily volume of crude oil passing through since early July, despite the escalation between the United States and Iran. About 40 of these ships were safeguarded in coordination with the U.S. military, with total oil shipments reaching around 22 million barrels. This comes amid ongoing efforts to end a seven-month-long conflict that has led to a deterioration in navigation through this vital passage, which handles about 20% of global oil supplies. Negotiations are underway between Washington and Tehran to facilitate opening the strait and lift the economic blockade.
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