With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge for safe passage is gaining traction.

The number of ships transiting the Strait of Hormuz stayed low during the weekend as the United States and Iran intensified attacks in the Middle East, shipping data showed on…

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge…