Strait of Hormuz shipping traffic slumps to six vessels as US-Iran peace hopes fade

Shipping traffic through the Strait of Hormuz has significantly decreased recently. This decline coincides with fading hopes for a peace deal between the United States and Iran. President Trump presented new demands for compensation and an end to ...

AP
Shipping traffic through the Strait of Hormuz has significantly decreased recently. This decline coincides with fading hopes for a peace deal between the United States and Iran.
Shipping traffic through ​the Strait of ​Hormuz fell to six on Monday, compared ​with a 10-day average of about 11 vessels, shipping data showed, amid fading hopes of a peace deal between ‌the U.S. ⁠and Iran.

Four ⁠commodity vessels, including two empty oil product tankers, entered ​the waterway, data from Kpler showed on Tuesday as of ​0420 GMT. Two vessels - a small tanker laden with liquefied petroleum gas and another carrying residual fuels - ​exited the Strait, the data ⁠showed.

Also Read: Iran ties Hormuz reopening to US concessions on several demands


In pre-war ‌days, about 130 to 140 ships ​typically ​transited the strait.

On Monday, 25 vessels transited ⁠the Bab el-Mandeb strait on the Red Sea, broadly unchanged when compared with the 10-day average of nearly 24 ships, Kpler data showed.

U.S. President Donald Trump on Monday responded to Iran's conditions for a peace deal by laying out his own demands that Iran pay ‌compensation for people killed in wars, attacks and protests.
ADVERTISEMENT

Also Read: Iran says Hormuz transit fee details not under discussion in Oman talks

The proposal was a response to ​Tehran's demands ​for compensation ⁠and an end to sanctions. The Iranian demands were largely in line with the terms of a preliminary ​peace deal signed in June, which has since broken down.

Since the war began in February, Trump has repeatedly swung between threats of escalation and assertions that a peace deal is close.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › Strait of Hormuz shipping traffic slumps to six vessels as US-Iran peace hopes fade
Text Size:AAA
Success
This article has been saved

*

+