Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal began to fade, yet again.

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.…