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The Economic Times

Global Business / The Economic Times

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Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the Bab el-Mandeb strait on the Red Sea has increased.

7 Aug 2026 10:10 am