Number of ships crossing Strait of Hormuz falls by 80% amid escalation — Bloomberg
AI Summary
The number of ships passing through the Strait of Hormuz has decreased by 80% amid escalating tensions between the US and Iran. Shipping carriers are concerned about the conflict's potential impact on vessel safety and trade routes.
This is due to carriers' concerns over the latest escalation of the conflict between the US and Iran
Security Conflict Politics Commodities Shipping Strait of Hormuz shipping decline US-Iran conflict escalation trade routes vessel safety