Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety

AI Summary

Traffic through the Strait of Hormuz has decreased as shipowners are exercising caution amid recent geopolitical tensions between the US and Iran. This reduction follows a recent burst of oil flows through the critical waterway.

Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade.