Strait of Hormuz Shipping Traffic Falls Amid US-Iran Peace Deal Uncertainty
Shipping traffic through the Strait of Hormuz fell below its recent average as US and Iranian conditions for a peace deal remained unresolved.
Nicosia, Cyprus. Shipping traffic through the Strait of Hormuz fell to six vessels on Monday, compared with a 10-day average of about 11, according to Kpler data, amid fading hopes for a peace deal between the United States and Iran.
Strait of Hormuz traffic
Kpler data as of 0420 GMT on Tuesday showed that four commodity vessels entered the waterway, including two empty oil product tankers.
Two vessels exited the strait: a small tanker carrying liquefied petroleum gas and another carrying residual fuels.
Before the war, about 130 to 140 ships typically transited the Strait of Hormuz.
Red Sea traffic
Twenty-five vessels transited the Bab el-Mandeb strait on the Red Sea on Monday, broadly unchanged from the 10-day average of nearly 24 ships, Kpler data showed.
Peace deal conditions
US President Donald Trump responded on Monday to Iran’s conditions for a peace deal by setting out demands that Iran pay compensation for people killed in wars, attacks and protests.
The proposal responded to Tehran’s demands for compensation and an end to sanctions. Iran’s demands were largely in line with the terms of a preliminary peace deal signed in June, which has since broken down.
Since the war began in February, Trump has repeatedly alternated between threats of escalation and statements that a peace deal was close.
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