Hormuz shipping traffic falls to one-week low amid hostilities

AI Summary

Shipping traffic in the Strait of Hormuz dropped to a one-week low as vessel owners avoided the area amid ongoing hostilities between the United States, Yemen's Iran-aligned Houthis, and Iran. Tehran has threatened to keep the strait closed unless the US meets its conditions, heightening regional tensions.

SINGAPORE, Aug 12 (Reuters) - The tally of vessels tracked in the Strait of Hormuz fell to a one-week low of eight on Tuesday, shipping data showed, as owners avoided the key waterway amid continued hostilities in the Middle East. The United States and Yemen's Iran-aligned Houthis reported separate attacks as prospects appeared to dim for an end to the Iran war, with Tehran saying the strait would stay closed unless Washington accepted its conditions.