Hormuz Traffic Sinks to Six Vessels Monday as Iran Talks Stall Again

AI Summary

Vessel traffic at the Strait of Hormuz has declined to six ships amid fading hopes for a U.S.-Iran negotiation deal. Recent data shows reduced commodity vessel movements through this critical shipping chokepoint.

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. On Monday, only six commodity vessels transited the Strait of Hormuz in either direction, down from 11 ships in the latest 10-day average, according to shipping data from Kpler cited by Reuters on Tuesday. Four commodity vessels moved inbound into the Persian Gulf via the Strait and two others exited outbound, the data showed. The inbound movement of commodity ships included two empty product tankers,…