Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleTraffic through the Strait of Hormuz has more than halved following tit-for-tat strikes between the US and Iran this week, with only 23 cargo ships crossing on Wednesday compared to a previous daily average of 138. The significant reduction in maritime activity follows Iran's attacks on three commercial vessels near Oman, which prompted retaliatory US strikes and subsequent Iranian attacks on US military bases in the Gulf. This escalation has led to a standstill in shipping traffic, raising significant concerns for the global economy and the stability of oil supplies. A memorandum of understanding between the US and Iran had previously committed Tehran to ensuring safe passage for commercial vessels for 60 days and engaging in dialogue with Oman regarding the Strait's administration. Nato chief Mark Rutte and French President Emmanuel Macron have both expressed support for the US actions, stating that Iran's strikes violated the interim accord. In fullTraffic through Strait of Hormuz halves days after US strikes in blow to global economyMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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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…

By Jonathan SaulLONDON, July 9 (Reuters) - Oil tanker traffic through the Strait of Hormuz was at a near standstill on Thursday, according to data and sources, as shipping risks…

Oil has rallied more than 7% this week as investors worry that exports through Hormuz could plunge as the U.S. and Iran fight for control of the strait.

Traffic through the Strait of Hormuz has fallen sharply since Wednesday, especially through the UN-backed Omani route, analysts said, after vessels were attacked earlier this week…

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

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

Commercial shipping through the Strait of Hormuz has declined sharply following renewed military exchanges between the United States and Iran and recent attacks on commercial…

Renewed hostilities could undermine credibility of future ceasefires with long-term impact on global energy markets, inflation and risk premiums, analyst says.

Row between US and Iran appears to centre around use of an Omani shipping corridor

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By Ahmed Elimam and Eman AbouhassiraDUBAI, July 10 (Reuters) - Daily tanker traffic in the Strait of Hormuz appeared to have slowed on Friday, after the U.S. and Iran exchanged…