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Strait of Hormuz ship traffic drops as U.S.-Iran deal outlook fades

Ship traffic through the Strait of Hormuz is about 90% lower than the daily average of 130 vessels that transited before the Feb. 28 U.S. and Israel strikes.

Reported · Written up by our desk · Energy

CNBC Markets reports that ship traffic near the Strait of Hormuz has fallen to a level not seen in about three months, as uncertainty grows around a potential U.S.-Iran deal.

According to the report, traffic is roughly 90% lower than the daily average of 130 ships that transited the strait before the U.S. and Israel attacked Iran on Feb. 28.

The decline reflects a sharp slowdown in movement through one of the world’s most important energy chokepoints, with the outlet citing the current deal doubt as a key driver.

CNBC World reported the same pattern, describing the reduction in transits relative to pre-strike averages.

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