Morningstar

Commercial Traffic Through Hormuz Strait Remains at 20% of Pre-War Levels, Reports UKMTO

London, August 22: The commercial traffic through the strategically vital Hormuz Strait has not seen significant growth. According to a report from the UK Maritime Trade Operations (UKMTO), the daily movement of vessels in the strait remains in single digits. This stagnation is primarily attributed to Iranian military activities and serious maritime security risks. In ... Read more Commercial Traffic Through Hormuz Strait Remains at 20% of Pre-War Levels, Reports UKMTO