Strait of Hormuz Nears Standstill Again, Shipping Intermittent

Odaily Planet Daily News Commercial shipping traffic through the Strait of Hormuz has plummeted, with only a few Iran-related vessels passing through, highlighting the intermittent flow through the world's most critical energy chokepoint. According to ship tracking data compiled by Bloomberg, only two vessels entered the Persian Gulf on that day, while a fuel oil tanker appeared to pause while exiting.

This slowdown occurred one day after two international supertankers departed the waterway, triggering a brief mini-surge in energy exports. The shipping fluctuation comes as the market awaits the outcome of negotiations between the US and Iran; talks aimed at ending a conflict that has brought the Strait of Hormuz nearly to a complete halt. Previously, Iran's state television reported a draft memorandum of understanding and stated that maritime shipping through the Strait of Hormuz was expected to return to normal within a month, but this report was denied by the US side. (Jin 10)