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US-Iran conflict escalates, traffic in the Strait of Hormuz nearly at a standstill.

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Jinse Finance reports, on July 9, the US launched strikes against Iran for a second consecutive day, with the fragile ceasefire between the US and Iran becoming increasingly unstable. On Thursday, traffic in the Strait of Hormuz nearly came to a standstill. Ship tracking data shows that on this most important global energy channel, observable traffic was mainly concentrated near the northern part of the waterway on routes approved by Iran, while the US-backed Oman corridor was very quiet. Among large vessels, only one US-sanctioned very large crude carrier sailed out of the Persian Gulf, while one container ship flying the Iranian flag appeared in the strait. However, it cannot be ruled out that some ships may have passed through the strait with their transponders turned off. This is in stark contrast to the recent daily activity in the Strait of Hormuz. Kpler data shows that in the three weeks since the US and Iran reached a temporary agreement to reopen the Strait of Hormuz, the average daily transit of cargo ships was 34, with a peak of 59 on June 24, while during the war most days averaged less than 20 ships. (Jin10)
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