Brent crude holds steady despite plunge in traffic in critical waterway.

Renewed U.S.-Iran military clashes have sharply reduced tanker traffic through the Strait of Hormuz, sending oil prices higher and renewing fears of supply disruptions.

According to the report, vessel traffic is seen only in the northern part of the strait off the Iranian coast along the so-called northern corridor, a shipping route approved by…

Ship traffic traveling through the Strait of Hormuz has ground to a halt since Trump called the ceasefire between the U.S. and Iran "over."

The traffic slowdown comes after Iranian attacks on vessels prompted US strikes, while President Donald Trump declared that the ceasefire with Iran was over