Strait of Hormuz Crossings Drop Sharply, Indicating Major Disruptions to Global Shipping and Energy Supply

Only nine ships crossed the Strait of Hormuz on Wednesday, a drastic reduction compared to the pre-war average of approximately 135 daily transits. This significant drop in crossings, representing about 6.5% of normal traffic, signals major disruptions to global shipping and has contributed to diesel prices nearing a record high.