Strait of Hormuz Ship Traffic Remains Low Amid Naval Tensions

AI Summary

Ship traffic through the Strait of Hormuz remains very light, with only six vessels transiting on Wednesday, including three oil tankers, according to tracking data from LSEG. Prior to the ongoing conflict, over 100 ships crossed the strait daily. Despite a ceasefire extension from President Trump, traffic patterns have not improved, with recent Iranian seizures of container ships highlighting the security situation's dangers. According to Rystad Energy, it may take until July for oil flows to return to 90% of pre-war levels, affecting global supply chains significantly.