US-Iran Military Conflict Halts Strait of Hormuz Shipping
Tehran. With military attacks continuing for the second consecutive day between America and Iran, the movement of ships in the Strait of Hormuz, one of the world's most important maritime trade routes, has almost come to a halt.
According to international media, ship traffic in this waterway is currently limited mainly to the northern sea route approved by Iran. Very little activity has been seen in the southern sea route, which has been operating with the support of Oman and America.
According to Bloomberg News, only one supertanker on America's sanctions list and one container ship flying the Iranian flag were seen crossing the Strait. According to data from maritime trade analysis firm Kpler, an average of 34 ships used to cross the Strait daily for three weeks after the interim agreement to resume operations in the Strait of Hormuz between America and Iran. On June 24, this number increased to 59.
However, after the recent military tensions, daily traffic has decreased significantly. Data shows that during the war, only less than 20 ships crossed the Strait of Hormuz on most days. The Strait of Hormuz is a very important maritime route for the world's energy supply.
With about 20 percent of the world's crude oil and a large amount of liquefied natural gas (LNG) being transported through this route, concerns have increased that the disruption here will directly affect the international energy market, shipping costs, and the global economy.
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