Bloomberg reports that only two ships are willing to enter the Persian Gulf. If the US-Iran negotiations are delayed further, oil prices will skyrocket again.

News from BieJie.com: Commercial shipping volume through the Strait of Hormuz has sharply dropped, with only a small number of Iran-related vessels still passing through, highlighting that traffic at this globally most important energy chokepoint is intermittent. According to ship-tracking data compiled by Bloomberg, only two vessels entered the Persian Gulf that day, while a fuel-oil tanker appeared to pause during its departure. This shipping disruption comes as the market awaits the outcome of US-Iran negotiations, with both sides’ talks aimed at ending a conflict that has nearly completely shut down the Strait of Hormuz. Previously, Iran’s state TV reported a draft memorandum of understanding and said maritime shipping through the Strait of Hormuz is expected to return to normal within a month, but the US side denied the report.