Hormuz traffic falls to single digits as 60-day deadline for US-Iran MoU expires
Vessel traffic through the Strait of Hormuz has fallen 64 per cent from its post-MoU peak and collapsed into single digits, with only three vessels transiting the strait on Sunday, down from five on Saturday and 12 on Friday, the latest Kpler data show. Around 520 commercial vessels are now stuck in the Arabian Gulf, according to estimates shared by the energy intelligence firm, with the backlog…
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