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Hormuz Traffic Running 80% Below Its 10-Day Average

Only three commodity vessels moved through the Strait of Hormuz in the past day, preliminary tanker-tracking data by Kpler showed on Wednesday, as the oil market weighs the potential resumption of U.S.-Iran talks against continued disruptions in the Middle East.

  • Only three vessels passed through Hormuz in the past 24 hours.
  • Traffic 80% below ten-day average of 15 vessel transits.
  • Tensions, Houthi attacks, and pipeline shutdown contribute to disruptions.

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