Shippingtraffic through the Strait of Hormuz has slowed sharply, with only five cargovessels crossing the strategic waterway on Sunday and none recorded theprevious day, ship-tracking firm Kpler reported.
Hormuz,through which roughly 20% of the world's oil passes, has remained largelyclosed under Iranian restrictions since Feb. 28, following the start of theUS-Israeli war, disrupting regional energy flows. The corridor briefly reopenedafter a US-Iran memorandum of understanding (MoU) entered into force on June18, but closed again amid renewed military escalation, with Tehran maintainingthat the waterway remains under Iranian control.
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