CNBC·3 min read·medium
Ship traffic through Hormuz falls as U.S. and Iran fight for control
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Brian Sullivan, Spencer Kimball
✦AI Summary
Ship traffic through the Strait of Hormuz has dropped by 60% amid escalating tensions and military conflict between the U.S. and Iran. The U.S. is attempting to maintain oil flow while imposing new naval restrictions.
More than 8 million barrels of oil transited the Strait of Hormuz on Sunday with U.S. military assistance amid the renewed fighting with Iran, the U.S. Energy Department told CNBC in a statement.
politicseconomyworld
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