Shipping traffic through Strait of Hormuz rebounds, report says

Shipping traffic through Strait of Hormuz rebounds, report says

Shipping traffic through the Strait of Hormuz rebounded significantly last week as trade linked to Iran increased despite continued US restrictions on vessels calling at Iranian ports, Lloyd's List reported on Tuesday.

Hormuz Holds Its Breath

A recovery in tanker traffic through the world’s most critical oil chokepoint masks a deeper fragility, and Iran’s new transit charges add another layer of uncertainty. Shipping through the Strait of Hormuz — the narrow passage through which nearly a fifth of the world’s oil and LNG flows during peacetime — showed signs of partial recovery last week, but analysts and maritime watchers say the rebound should be read with considerable caution. Dat…