Shipping slows in Strait of Hormuz after US Iran strikes
Ship tracking data showed only six transits on Sunday, the lowest count in recent weeks. The slowdown follows U.S. military action against Iran.
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Reduced tanker traffic can tighten global oil supply and raise U.S. gasoline prices at the pump.
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Ship tracking data showed only six transits on Sunday, the lowest count in recent weeks. The slowdown follows U.S. military action against Iran.
Carriers reduced transits through the Strait of Hormuz by roughly 80 percent due to escalation fears.
Korean-operated vessels have resumed passage through the Strait of Hormuz after the recent U.S.-Iran agreement.
Maritime trackers reported that shipping traffic through the Strait of Hormuz rose to its highest level in two months after a deal was reached to end the U.S.-Iran war. The increase signals a partial…