Hormuz Traffic Sinks to Six Vessels Monday as Iran Talks Stall Again

Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal began to fade, yet again. On Monday, only six commodity vessels transited the Strait of Hormuz in either direction, down from 11 ships in the latest 10-day average, according to shipp

Source: OilPrice.com

DW NOTE

Six vessels through Hormuz on Monday is not "traffic sinking" — it's traffic that already sank three months ago. The strait has been effectively closed since the mining began. Those six ships moved under naval escort in a convoy system that has replaced normal commercial flow. The 2,000 vessels still stranded in the Gulf are the story, not Monday's escort run.

Read the full story at OilPrice.com →