Brent and WTI rise as shipowners stay away from Gulf chokepoints

By Mohi NarayanNEW DELHI, Aug 11 (Reuters) - Shipping traffic through the Strait of Hormuz fell to six on Monday, compared with a 10-day average of about 11 vessels, shipping data…

Shipping traffic through the Strait of Hormuz falls to six vessels amid ongoing tensions. Traffic normalization by September 30 at 14.5% YES.

Shipping traffic through the Strait of Hormuz has significantly decreased recently. This decline coincides with fading hopes for a peace deal between the United States and Iran.…