U.S.-Iran Tensions Keep Hormuz Shipping Traffic Muted Amid Stalled Talks
Shipping traffic through the Strait of Hormuz remains significantly reduced as negotiations between the United States and Iran have stalled. Recent data shows that only seven ships, primarily dry bulk vessels, have crossed the strait in the past 24 hours. This is a stark contrast to the pre-conflict average of 140 daily passages. The U.S. Central Command has redirected 37 vessels since a blockade was imposed on Iran on April 13. Meanwhile, six Iranian tankers have returned to Iranian ports, carrying approximately 10.5 million barrels of oil. Despite the blockade, around four million barrels of Iranian oil managed to pass through on April 24. The current situation follows an uneasy ceasefire between Washington and Tehran, with no immediate resolution in sight. 
