SECURITYFORTUNE
Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario”
Shipping through the Strait of Hormuz has slowed to a three-week low due to renewed U.S.-Iran tensions, with transits dropping 66.2% week-over-week. Iranian attacks on ships and a U.S. blockade on Iran-linked shipping have caused vessels to avoid the strait, described as a 'worst-case scenario' by maritime experts. The Houthi group further escalated risks by imposing a maritime blockade on Saudi Arabia.
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