Commercial shipping through Strait of Hormuz has nosedived,transits dropping 80% over weekend amid U.S.-Iran tensions. Sunday saw just 12 vessels cross,strikingly down from 28 crossings previous day,when tanker attack occurred.
Tensions flared after President Donald Trump ordered military strikes on Iranian targets . A response to alleged attack on commercial vessel June 25,followed by drone strike on Panama-flagged tanker M/T Kiku June 27. Many shipowners now wary of strait,slashing maritime traffic.
Before this,shipping in strait was bustling,with 58 vessels passing June 24 — highest since February. But recent military moves rattled shipowners,some halting transit plans. Industry insiders show mixed views on shipping's immediate future through this crucial passage.
To cool things down, U.S. Central Command announced deal with Iran to stop strikes, start talks in Doha June 30 . Diplomatic effort to tackle conflict, bring stability…
