Commercial shipping through the Strait of Hormuz fell to seven vesselson Thursday, down from 11 the day before and below the 10-day average of 15,according to preliminary data from the ship-tracking firm Kpler.
The decline came as the naval confrontation between the United Statesand Iran widened. US Central Command (CENTCOM) said American forces hadredirected 96 commercial vessels to enforce a naval blockade of Iran thatresumed on July 14.
Traffic through the Bab al-Mandab strait, at the southern end of the RedSea, held closer to normal, with 26 commercial vessels passing through —10inbound and 16 outbound— against a 10-day average of about 27 a day. Thesteadier flow came despite renewed fighting near the strait, where advances byYemen's Houthi forces around the port of Mocha have raised concerns aboutshipping safety.
Oil prices rose over the same period. Brent crude futures gained $1.05,or 1%, to $108.68 a barrel on Friday, and US West Texas Intermediate rose 95cents, also about 1%, to $103.45, after both benchmarks jumped more than 6% onThursday.
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