Hormuz ship crossings hover in single digits, data shows

🌐 Al-Monitor Middle East (United States) —
Hormuz ship crossings hover in single digits, data shows

AI Summary

Ship crossings at the Strait of Hormuz dropped to seven on Thursday, half the previous day's tally. The data reflects rising concerns about maritime risks amidst stalled US-Iran peace talks, as the chokepoint is critical for global shipments of crude oil and LNG.

SINGAPORE, Aug 21 (Reuters) - Ship crossings at the Strait of Hormuz chokepoint were down on Thursday from the previous day, initial shipping data showed, amid growing concern over risks to shipping in the Middle East, with US-Iran peace talks remaining in limbo. Thursday's tally of seven commodity ships was half that of Wednesday, Kpler data showed. Of these, four ships were entering and three exiting the waterway used by nearly a fifth of global shipments of crude oil and liquefied natural gas before the war.

World Politics Commodities Energy Shipping Strait of Hormuz shipping oil shipments LNG US-Iran relations Middle East maritime risk

Read original source →