Strait of Hormuz Crisis Exposes Flaws in Global Shipping Infrastructure The recent escalation of tensions between Iran and the US has brought global attention to the critical chokepoint that is the Strait of Hormuz.
Shipping traffic has plummeted to a three week low, with transits down 66. 2% for the week July 14 20 compared with the previous seven day period.
Just over two months ago, an average of 138 ships passed through the Strait each day. Vessels are now either stopping or reversing course due to the threat of mines and ongoing hostilities.