Strait of Hormuz ship traffic hits 3-month low with single crossing

Ship traffic through the Strait of Hormuz fell to its lowest level in three months on Monday, with only one vessel crossing, according to preliminary data from tanker-tracking firm Kepler. The single vessel was a large gas tanker entering from the Gulf of Oman, compared to six ships of various types on Sunday. Figures may change as some ships disable transmitters during transit. The decline comes six months into the war on Iran, with Tehran threatening military response to expanded U.S. economic sanctions announced Monday by Treasury Secretary Scott Bessent, targeting 60 individuals and entities while avoiding Chinese financial institutions.