Singapore (HRNW)- Commercial shipping through the Strait of Hormuz has declined further, with only seven commercial vessels passing through the strategically important waterway on Thursday amid continued regional tensions.
According to data from ship-tracking company Clipper, Thursday’s traffic was half the previous day’s total. Four vessels entered the Strait of Hormuz, while three vessels exited.
The vessels did not include any large crude-oil tankers or liquefied natural gas (LNG) tankers. Before the conflict, the Strait of Hormuz carried approximately one-fifth of global crude oil and LNG supplies, making the sharp decline in shipping a major concern for international energy markets.
Concerns over maritime security remain high as negotiations between the United States and Iran face a prolonged deadlock, further complicating the prospects for a return to normal shipping through the vital waterway.
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