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Hormuz traffic dips to lowest since May after US, Iranian strikes on ships

Commercial tankers now being deliberately used as instruments of reciprocal economic pressure

Commercial tankers are transiting the Strait of Hormuz at the lowest rate in over five months, following US and Iranian strikes on ships, according to data released on Monday (Sep 7). The average number of commodity ships passing through the strait per day over the past 10 days was 10, down from more than 15 on Friday and nearly 13 on Saturday.

The recent attacks have heightened tensions, with the Strait of Hormuz now serving as a battleground for reciprocal economic pressure. There have been 27 projectile strike incidents since July 6, causing damage to vessels in and around the strait. The attacks have raised the risk level to extreme for Iranian/Iran-linked tonnage and elevated for US-linked or US-escorted shipping.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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