Strait of Hormuz traffic lowest in 5 weeks
Summary
Ship traffic through the Strait of Hormuz dropped to its lowest level in five weeks, with only six ships passing through on Sunday. The Strait of Hormuz is a key waterway for oil and gas shipments.Key Facts
- The Strait of Hormuz had only six ships pass through on a recent Sunday.
- This is the lowest ship traffic in five weeks.
- The data comes from the trade intelligence company Kpler.
- The strait is important for shipping oil and gas.
- Reuters reported on this decrease in ship movement.
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