Shipping traffic slows in Strait of Hormuz, Kpler data shows
Preliminary data indicates shipping through the Strait of Hormuz slowed as most vessel owners avoided the key waterway amid ongoing closure concerns.
Today's preliminary data reveals a slowdown in shipping traffic through the Strait of Hormuz, as many vessel owners are avoiding the crucial waterway due to concerns about its possible closure. According to Kpler, only six vessels carrying commodities transited the strait between Tuesday and 02:58 GMT, a significant decrease from the nine ships that passed through the previous day and well below the 10-day average of 11 vessels.
This decline follows the UAE's report last week that Abu Dhabi National Oil Company (ADNOC) vessels were attacked while crossing the strait, contributing to a halt in maritime shipping. The United States has also announced that the maritime blockade on Iran may persist indefinitely, further impacting the situation. Insurance experts report that war risk premiums for transiting the Strait of Hormuz remain at around 10 percent, with premiums estimated between 7.5 percent and 12.5 percent by marine insurance market sources.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
