The Strait of Hormuz is facing another downturn in maritime traffic after the United States ended its ceasefire with Iran, casting a shadow over a slowdown in trade, analysts warn. unaddressed differences in the system agreement the risk of triggering further increase.
Traffic volume slowed again on Thursday, with only 14 ships passing through the channel, down from 35 a day earlier, according to Veson Nautical, a marine software and data provider. Real-time data from ship tracking platform MarineTraffic also showed that movement through the strait was largely halted on Friday.
Since Washington and Tehran announced their ceasefire on June 17, about 513 ships have passed through the waterway, a big step but still about a fifth of the 2,500 voyages that would have been recorded under normal conditions, according to Veson Nautical.
Meanwhile, data from another monitoring platform, Kpler, showed that 759 cargo-related ships crossed the Strait of Hormuz during the same period, noting that daily routes decreased from 37 on Tuesday to 15 on Thursday.
Alfredo Montufar-Nothe managing director of Ankura Consulting based in China, said that this view is difficult to implement. “It is clear that the ceasefire agreement failed to reflect in detail what each side wanted and was willing to accept,” he said.
“This seems to have led to a fundamental misinterpretation of Iran’s complacency, which I don’t think the United States will accept.
