Gulf shipping traffic via Strait of Hormuz falls to six vessels
Shipping traffic through the Strait of Hormuz fell to just six on Monday, comparedwith a 10-day average of about 11 vessels, shipping data showed, amid fading hopes of a peace deal between the US and Iran, Reuters reports.
Four commodity vessels, including two emptyoil product tankers, entered the waterway, datafrom Kpler showed on Tuesday as of 0420 GMT. Two vessels, a small tanker laden withliquefied petroleum gas and another carrying residual fuels, exitedthe Strait, the data showed. In pre-war days, about 130 to 140 ships typically transited the strait.
On Monday, 25 vessels transited the Babel-Mandeb strait on the Red Sea, broadly unchangedwhen compared with the 10-day average of nearly 24 ships, Kpler data showed.
US President Donald Trump on Monday responded to Iran’s conditions for a peace deal by laying out his own demands that Iran pay compensation for peoplekilled in wars,attacks and protests. The proposal was a response to Tehran's demands for compensation and an endto sanctions. The Iranian demands were largelyin line with the terms of a preliminary peace deal signed in June, which has since broken down.
Since the warbegan in February, Trump hasrepeatedly swung between threats of escalation and assertions that a peace dealis close.