Shipping traffic through the Strait of Hormuz has dropped to only six vessels, down from the usual 130 to 140 per day, due to escalating tensions between Iran and the United States-Israel. Many ships are avoiding the main route and taking alternative paths with limited tracking. Markets reflect diminished confidence in traffic normalization by September 30, with YES odds falling to 14.5%. This situation could impact regional oil transportation and global energy markets.
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