finance
Tanker traffic through Strait of Hormuz slows after U.S. strikes on Iran
Industry data show tanker transits through the Strait of Hormuz fell to two vessels in the early hours of Thursday. Shipping is unlikely to return to pre-war levels until a credible security system is established in the region.
Jul 10, 4:02 AM·1m read3 sources
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Tanker traffic through the Strait of Hormuz slowed to a near standstill after the U.S. resumed strikes on Iran this week. Industry data recorded just two tankers transiting the waterway in the early hours of Thursday.
Shipping outlook Richard Meade, Editor-in-Chief of Lloyd's List, said shipping through the Strait of Hormuz is unlikely to return to pre-war levels until a credible security and control system is established in the region. The assessment came during an interview with CNBC's Ritika Gupta.
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