Strait of Hormuz commodity vessel transits stay in single digits, data shows
SINGAPORE, Sept 1 (Reuters) - The number of vessels sailing through the Strait of Hormuz was little changed on Monday compared with the weekend, hovering around five, preliminary ship-tracking data showed on Tuesday, below the 10-day average of around 14. Four of the vessels entered the strait and one exited, data from Kpler showed. Vessels that sail through the strait with their transponders…
In a recent development, the United States and Iran exchanged fire for the first time in a month, with missiles and drones targeting Iranian rocket launchers on an island in the Strait of Hormuz. In response, Iran targeted US military bases in Jordan and the United Arab Emirates. President Donald Trump threatened further action in reaction to the Iranian retaliation.
The US aims to loosen Iran's control over the Strait of Hormuz, which accounts for a fifth of the world's seaborne energy supply. The US Central Command launched the first strikes on Iran since July, acting after detecting Iranians planning to deploy mines in the strait. The IRGC retaliated by targeting technical infrastructure at US-operated airbases in Jordan and intercepting a drone over UAE waters.
Trump vowed to "hit them hard" following the Iranian reprisals. Iran claimed a tanker caught fire after hitting Iranian naval mines while passing through the southern side of the strait. Iranian President Masoud Pezeshkian met with Pakistan's prime minister, expressing his reluctance to continue the war and readiness to implement a mediated June memorandum of understanding with the US.
Iran's currency faced renewed pressure, causing concern among MPs. The latest fighting involved the US claiming it attacked Larak Island, while Iran stated its air defenses shot down a US MQ-9 drone. Despite the US claiming control of the strait, tanker tracking agency Tanker Trackers reported a significant drop in crude oil exports via the Strait of Hormuz.
G20 finance ministers are expected to clash over US demands for more countries to impose sanctions on Iran. China, a major Iranian oil customer, opposes the new US sanctions campaign.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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