Bloomberg reports near-total halt in shipping in the Strait of Hormuz

Commercial shipping in the Strait of Hormuz has nearly stopped as US strikes on Iran continue for a second day, according to Bloomberg.

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Bloomberg reports near-total halt in shipping in the Strait of Hormuz © The Strategist

As reported by Bloomberg, among the large ships, just one supertanker, under US sanctions, was seen leaving the strait from the Persian Gulf, accompanied by a container ship with the Iranian flag.

The day prior, around 14 cargo vessels passed through the Strait of Hormuz in either direction, the agency reported, emphasizing that this was the smallest number since the US-Iran memorandum of understanding was signed on June 16.

According to the report, an average of 34 vessels passed through the strait in the three weeks following the signing of the interim agreement between the two nations.

source: bloomberg.com

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