Dual Hormuz Blockade Cuts Ship Transits to Near Zero

By Prejula Prem and Julian Lee (Bloomberg) — The Strait of Hormuz remains effectively shut to international shipping as the double blow of Iranian and US blockades leaves the key energy corridor largely dormant.

A tiny trickle of vessels, most with links to Iran, was observed in recent days. Traffic is generally steering clear after tensions in the waterway escalated last week as Iranian gunboats fired on ships, while US forces seized two oil tankers.

Three Iran-linked ships exited the Persian Gulf through the strait on Monday morning, vessel-tracking data compiled by Bloomberg show. No incoming vessels were