Strait of Hormuz tanker traffic drops one-third this week
Transit volume through the Strait of Hormuz declined by one third this week. The drop coincides with talks between Iran and Oman on regional shipping rules.
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Reduced tanker traffic raises the risk of higher energy prices that directly increase costs for American drivers and households.
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Transit volume through the Strait of Hormuz declined by one third this week. The drop coincides with talks between Iran and Oman on regional shipping rules.