Recent shipping data showed a decrease in the number of ships crossing the Strait of Hormuz at the start of the week, coinciding with escalating attacks between the United States and Iran in the Middle East region.

Data from the London Stock Exchange Group showed that only four ships crossed the strait yesterday, Sunday, compared to eight ships recorded the previous day, indicating a notable decline in maritime traffic.

The data added that at least three oil product tankers and one very large crude carrier (VLCC) entered the strait since Friday to load oil.

It is worth noting that the Strait of Hormuz is one of the most important waterways for oil transportation in the world, and any disruption to its traffic affects global energy markets.

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