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The Nexus
SECURITYAug 17 · 07:46 UTCCNBC TOP

Strait of Hormuz shipping grinds to a halt ahead of U.S.-Iran ceasefire expiry

Shipping traffic in the Strait of Hormuz has reached a new low and is reportedly grinding to a halt. This decline coincides with the expiry of a ceasefire between the U.S. and Iran on Monday. There is currently no deal in sight regarding the conflict.

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