Hormuz traffic nears prewar levels as Iran war simmers
Commercial traffic through the Strait of Hormuz increased dramatically in September, according to maritime tracking firms on Tuesday, inching closer to prewar levels as some speculate that Iran is losing leverage against the U.S. in the seven-month-long war.
TL;DR
- Commercial traffic through the Strait of Hormuz increased dramatically in September.
- Activity is nearing prewar levels.
- Speculation suggests Iran is losing leverage against the U.S. in the seven-month war.