Strait of Hormuz traffic hits 2-month low after tanker attacks escalate
Shipping data shows vessel transits through the Strait of Hormuz fell to their lowest in over two months, following a spike in attacks on oil tankers last week—the highest since the Iran war began. The decline signals growing risk aversion among shippers and insurers, tightening a critical chokepoint for global oil flows. Uncertainty remains over whether attacks will persist and how much traffic will recover.
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US-Iran Escalation: US Plans Three-Day Strike, Trump Delays Until After Midterms
The US Pentagon has prepared a three-day intensive strike plan against Iranian missile, drone, energy, and IRGC command targets, deploying three carrier strike groups and 20,000 troops. President Trump has reportedly deferred any strike until after the midterm elections, citing 'productive discussions' with Tehran, despite escalating Iranian attacks on Gulf shipping. This creates a near-term de-escalation in direct US military action but maintains high readiness and long-term uncertainty.