Only Eight Ships A Day Pass Strait Of Hormuz Despite Ceasefire

Strait of hormuz: Shipping through the Strait of Hormuz, a vital artery for global trade, remains severely disrupted despite a halt in mutual attacks between the United States and Iran, reported German news agency dpa. According to Nam News Network, only eight ships passed through the strait on Thursday, based on data from trade intelligence provider Kpler as seen by dpa on Friday. On average, around 13 ships passed through the bottleneck between the Iranian and Omani coastlines per day over the past week. During a period when a temporary framework agreement between Iran and the US was in place, shipping in the region experienced a phase of relative calm. However, following the collapse of that agreement and renewed blockades, passages by dry cargo freighters had roughly halved, as reported by shipping services provider AXSMarine on the platform X. "The decline reversed much of the partial recovery seen after the June ceasefire and has made further disruption to Gulf shipping the dry bulk markets principal geopolitical risk," it stated. The renewed US naval blockade is also impacting Iran. Based on analysis of satellite images, shipping data provider Windward reported that no ships had docked at Kharg Island, a key hub for Iranian oil exports, for some time. Both Iran and the US have recently spoken of an imminent agreement on shipping in the Strait of Hormuz. Iran mentioned it is negotiating directly with bordering state Oman.