Big Fall in Oil, Gas and Cargo Ships Taking US Backed Hormuz Route After New Strikes The Strait of Hormuz, a critical waterway connecting the Persian Gulf to the Arabian Sea, has seen a significant drop in traffic after recent strikes between Iran and the US.
On Wednesday, only 23 tankers and cargo ships crossed through the strait, down from 47 just a week prior. This decline is not solely due to the conflict; it's also a symptom of deeper issues.
For decades, vessels have assumed that free passage was guaranteed through the strait. However, Iran has long insisted on control over movement through the waterway and wants to introduce fees for ships to pass.