Commercial vessel traffic through the Strait of Hormuz has contracted sharply, with only 33 ships recorded crossing the waterway from Monday to Thursday this week.
This figure represents a steep decline from the 50 vessels that passed through during the same period last week, marking a 36% drop in transit volume.
The decline is taking place against the backdrop of stalled negotiations between Iran and Oman regarding shipping safety in the strait, according to reports from TASS citing Reuters data.
The continued erosion of shipping activity underscores persistent geopolitical friction in the region, even as diplomatic channels remain open.
The Strait of Hormuz remains a critical artery for global energy flows, and any sustained reduction in transit capacity poses immediate risks to oil supply chains and freight rates.
Market participants are closely monitoring the situation for signs of further escalation or de-escalation.