Noticeable Slowdown in Navigation Through the Strait of Hormuz Amid Rising Security Concerns

mniraq - Specialized maritime tracking reports revealed on Wednesday a significant slowdown in navigation through the Strait of Hormuz, as many shipowners are avoiding the vital waterway due to a lack of clear indicators regarding its full reopening. Data showed a decrease in the number of vessels crossing the strait compared to the daily average. In a related context, major shipping companies have decided to keep their tankers away from the Straits of Hormuz and Bab-el-Mandeb due to escalating security fears that have impacted oil supply chains heading to global markets.