Hormuz Strait sees lowest activity in over two months

The ongoing military and security escalation by Iran in the Strait of Hormuz has led to a decrease in maritime traffic and ship transits, recording their lowest levels in over two months, with only 7 ships passing through on Tuesday—the fewest since July. The escalation has caused a 27% decline in the volume of crude oil moving through the strait compared to the previous peak, bringing it down to approximately 10.1 million barrels per day, despite exports from the Gulf of Oman and the Red Sea increasing to more than double pre-war levels to compensate for the shortfall. Between September 28 and October 5, there were more than 12 attacks on oil and gas tankers, the highest number since the escalation with Iran began, reflecting rising tensions that are impacting global energy security.

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