Strait of hormuz: Shipping through the Strait of Hormuz has reached its lowest level in a week as ongoing conflict in the Middle East continues to deter vessel movement. Shipping data revealed that the number of vessels observed traversing this critical waterway on Tuesday decreased to only eight, as ship owners opted to avoid the area amidst the ongoing hostilities.

According to National Iraqi News Agency, the United States and Iranian-backed Houthi rebels in Yemen have reported separate attacks, adding to the tension in the region. The prospect of ending the conflict with Iran appears grim, as Tehran has insisted that the strait will remain closed unless the United States agrees to its terms.

Data from Kpler indicated that the total number of vessels on Tuesday dropped below the 10-day average of around 12, marking the lowest daily figure since August 5. Among these, only one vessel, a coal tanker, managed to exit the strait, while the rest continued their passage. Notably, all seven vessels that entered the strait followed the Iranian route.

Additional data from the London Stock Exchange Group showed that 11 ships passed through the port on Tuesday, a decrease from the 14 recorded the previous day.