Shipping traffic in the Strait of Hormuz plunges to historic lows as oil prices hit a 19-month high

Shipping traffic in the Strait of Hormuz plunges to historic lows as oil prices hit a 19-month high

Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.