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Strait of Hormuz Shipping Traffic Plummets to One-Tenth of Pre-War Levels

Shipping traffic through the Strait of Hormuz has fallen to just one-tenth of its pre-war levels, according to data released by the International Monetary Fund. This comes amidst heightened tensions and retaliatory actions between Iran and the United States.

According to the International Desk of Webangah News Agency, shipping traffic in the Strait of Hormuz has now reached one-tenth of the levels recorded before the recent escalation in regional conflicts, as stated by Julie Kozack, Director of the IMF’s Communications Department, on Thursday. The data was published by Mehr News Agency, citing Sputnik.

Kozack indicated in a press conference that some nations have tapped into strategic oil and gas reserves to meet their needs, but these reserves will eventually require replenishment.

Meanwhile, the Iranian Ministry of Foreign Affairs on Wednesday condemned the U.S. attacks on several Iranian oil tankers that occurred on Tuesday evening, asserting Tehran’s right to respond to these actions. The ministry described the attacks as a blatant violation of the United Nations Charter and international law, constituting a continuation of the U.S. military aggression, naval blockade, and economic warfare against Iran.

Tehran also announced that Iranian armed forces, in exercise of their legitimate right to self-defense, have targeted U.S. military bases and facilities in Jordan, as well as several American vessels.

©‌ Webangah News, Mehr News Agency, Sputnik

English channel of the webangah news agency on Telegram
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