Current Affairs

Vessel Transit in Strait of Hormuz Drops to Two in 24 Hours

Cargo vessel transit through the Strait of Hormuz fell to two on Monday, September 21, down from ten the previous day, according to preliminary shipping data. A Panama-flagged Supramax bulk carrier and a Liberia-flagged vessel entered via an unknown route. Before the Iran conflict on February 28, the strait typically handled around 125 commercial vessels daily, accounting for approximately 20% of the world's crude oil and liquefied natural gas supply.