— Strait of Hormuz shipping traffic plunges to lowest level since May as US-Iran tensions escalate
According to data from Kpler, published by Reuters, an average of only about 10 cargo ships passed through the strait in the last ten days, the lowest level since May. On Saturday, following the exchange of attacks between Iran and the United States in the area, only two ships passed through the strait, compared to more than 15 on Friday. Since Wednesday, no large VLCC oil tankers have left the strait. A tanker that arrived from Saudi Arabia and attempted to leave the Gulf on Sunday turned around and returned inside.@TPOnow
