Hormuz Strait March Transit Volume Plummets Over 90%

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People’s Financial News, March 24 — Since the outbreak of the conflict between the U.S., Israel, and Iran, global energy transportation through the Strait of Hormuz has been severely disrupted. Market service agencies report that since March, the number of merchant ships passing through this strait has decreased by 95% compared to before the conflict. On March 23, Agence France-Presse cited data from market service firm Kpler, stating that from March 1 to 16:00 GMT on March 23, merchant ships passing through the Strait of Hormuz totaled only 144, a 95% decrease from the number before the conflict erupted on February 28. Of these, 91 voyages involved ships transporting oil and natural gas, most of which headed east out of the strait. Data from the multinational “Maritime Awareness Center,” led by the U.S. Navy, shows that before the conflict, approximately 138 ships passed through the strait daily. (Xinhua)

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