Shipping traffic through the Strait of Hormuz remains minimal even after the US and Iran agreed to a ceasefire
Strait of Hormuz Shipping Stays Disrupted Despite US-Iran Ceasefire
Maritime activity in the Strait of Hormuz continues to be severely limited, even after the United States and Iran agreed to a temporary ceasefire. Hopes for a swift end to one of the most significant global energy supply interruptions remain low. Ship tracking reports reveal that since the announcement of a two-week halt in hostilities on Tuesday, only a small number of vessels have managed to pass through this vital waterway.
Data from the market intelligence provider Kpler shows that just five ships made the crossing on Wednesday, a sharp decrease from the eleven recorded the previous day. On Thursday, seven vessels were able to transit the strait. Meanwhile, over 600 ships—including 325 oil tankers—are still waiting, unable to proceed through the congested passage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Peter Schiff Predicts More Losses for Bitcoin as BTC Goes Below 2021 High
Microsoft (MSFT.US) 365 services experience second major outage this year, affecting multiple government agencies and enterprises worldwide
Despite a "partial recovery," the latest Microsoft service outage continued into Asia-Pacific business hours.
Nvidia (NVDA.US) New CEO Candidates and Market Predictions: Trump Nominates Cook as Successor
As the successor remains uncertain, external voices have already begun to "make choices" for Nvidia.
Safe haven halo fails? US Treasury sell-off returns, Wall Street just breathed a sigh of relief and is startled again
Just as global bond investors began to believe that the worst phase of this year's sell-off had passed, the surge in U.S. Treasury yields has forced them to reassess that judgment.
Crypto prices
More
