DUBAI (Lord Media): Shipping traffic through the Strait of Hormuz has hit a five-week low amid rising tensions between the United States and Iran, following attacks on commercial vessels. This situation has raised concerns in global energy markets.
According to data from ship tracking company Kpler, only six ships passed through the Strait of Hormuz on Sunday, marking the lowest daily count in the past five weeks.
Two loaded oil tankers carrying approximately 2 million barrels of Iranian crude oil and 500,000 barrels of Kuwaiti oil products exited the Strait, while three empty oil tankers entered the Gulf to load oil and other products.
The report indicates that due to security concerns, most ships have temporarily turned off their transponders to limit tracking of their movements.
Experts suggest that recent military actions and maritime security concerns have led global shipping companies to adopt a cautious approach, resulting in a noticeable decline in commercial activities through this crucial maritime passage.
The Strait of Hormuz is one of the world’s most important maritime routes, facilitating the transportation of a significant portion of global crude oil and energy supplies. Any disruption in this route could directly impact global oil prices, supply chains, and international trade.
