Hormuz Traffic Slumps as Gulf Oil Turns to Costly Transfers

The Strait of Hormuz has become dramatically quieter. Gulf oil exports have not fallen nearly as far. Visible commodity traffic totalled just 17 vessels over the last weekend, down from 37 a week earlier, according to shipping data. The scale of the wider disruption is greater: before the conflict began on February 28, Hormuz typically […]

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