Traffic through Strait of Hormuz falls steeply after new US-Iran strikes
Summary
Traffic through the Strait of Hormuz has dropped sharply after recent attacks on three ships and retaliatory strikes by the US and Iran. The strait is a key waterway where much of the world's oil and gas shipments pass, and movements have been disrupted due to disagreements over safe shipping routes.Key Facts
- The Strait of Hormuz is a vital waterway used for transporting over 20% of the world’s oil and gas.
- Traffic fell from 47 ships a week ago to just 23 ships on Wednesday after recent attacks.
- Three ships using a US-recommended route near Oman were attacked this week.
- Iran says vessels must use a route near its coast, while the US recommends a different route through Omani waters.
- After a peace deal in June, traffic briefly increased but has dropped again following renewed attacks.
- The US and Iran have exchanged military strikes after the attacks on ships.
- Iran claims it has the right to control movement and charge fees for passage; the US and allies insist the strait should remain open and free.
- No ships used the US-recommended Omani route on Wednesday, down from about 10 per day before the latest attacks.
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