Vessel traffic through the Strait of Hormuz has fallen sharply as security risks rise and hopes for a diplomatic agreement over the vital energy chokepoint weaken.

Tanker traffic through the Strait of Hormuz stays near a two-month low as Iran and the Houthis escalate threats to Gulf and Red Sea shipping.

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several…