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Shipping traffic via Strait of Hormuz stays below 10-day average, data shows
Source: reuters.com
Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply Chain
Preliminary shipping data shows only four commodity vessels transited the Strait of Hormuz on Tuesday versus 10 the prior day and below the ~13 average over 10 days. The decline signals tighter commodity shipping flows through a key chokepoint, a headwind for energy and related commodity supply expectations and potentially nearby freight pricing.
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