Daily tanker traffic through the Strait of Hormuz appeared to have slowed on Friday, after the series of attacks stoked concerns about the recovery of global oil supplies and shipping.

Renewed hostilities between the US and Iran have also heightened safety and security concerns around the Strait of Hormuz.

Washington launched strikes on the Islamic Republic overnight in response to ships being hit in the Strait of Hormuz. Iran retaliated by targeting US bases in the Gulf.

US President Trump declared the Iran truce effectively over after attacks on shipping. The United States launched retaliatory strikes on Iranian military targets. These actions…

Uncertainty over the ceasefire means uncertainty over prices.

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