The oil tanker traffic in the Strait of Hormuz has plummeted to single digits

According to foreign media reports, only nine cargo ships passed through the Strait of Hormuz on Thursday, with eight of them leaving the waterway. The total number on Thursday further declined, dropping from double digits to single digits, with a 10-day average navigation volume of 18. Shipowners and energy exporters are becoming increasingly cautious about navigation in the Strait of Hormuz.