Strait of Hormuz Commercial Transits at Lowest Level Since Operation Epic Fury Start, Shipping Data Shows

Transits in the Strait of Hormuz dropped to their lowest numbers since the first days of the U.S.-Israel offensive in Iran, according to merchant shipping data. The shipping industry continues to be caught between the U.S. and Iran’s fight over the strait. Iran has claimed it should be able to control the part of the strait it considers to be territorial waters, while the U.S. argues the strait, under international maritime law, is open for navigation. Strait transits are less than 10 percent of the pre-conflict traffic. Iwould take until at least September for tanker and oil markets to return