Number of Vessels Passing Through the Strait of Hormuz Rises to Highest Level Since Early March
Svmuu News According to foreign media reports, traffic through the Strait of Hormuz has risen to its highest level since the early days of the Middle East conflict, as more countries have reached security transit agreements with Iran. A total of 21 vessels passed through the waterway over the weekend, marking the highest two-day total since traffic began declining in early March. Although the current number of transiting vessels remains significantly below pre-war levels (approximately 135), more countries have now obtained transit permits. A senior crude oil analyst at Singapore-based Kpler stated, "While responding to requests from its partner countries, Iran is also strengthening its control over the Strait of Hormuz. Transit remains dependent on Iran's will, and the situation could change at any time if the conflict escalates." So far, most vessels granted passage appear to be following routes designated by Tehran, sailing close to the Iranian coast. However, an increasing number of vessels are also beginning to choose routes along the opposite shore. (Jin10)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
5
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
6
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
7
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
8
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
-
9
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
Markets Today
Recommended Reading


