#Routes

Strait of Hormuz vessel transits decline following Iranian attack on ship

Fewer vessels transited the Strait of Hormuz on Friday following an attack on a Taiwanese-operated ship by Iran. The U.N. shipping agency temporarily paused its evacuation scheme for stranded ships and seafarers. Tanker traffic reached 13 transits on Friday versus 24 on Thursday and 27 on Wednesday, while crude prices dropped more than 3% amid easing supply concerns.