Affected by the conflict in Iran, the number of ships passing through the Strait of Hormuz is decreasing.
On the 17th local time, according to the US Consumer News and Business Channel, the Baltic International Maritime Association, one of the world's largest shipping associations, said that the large-scale conflict between Israel and Iran has made the entire shipping industry uneasy. At present, many ships are choosing to avoid the Strait of Hormuz, and the number of ships passing through the Strait of Hormuz is decreasing. With the worsening of regional security situation, it is expected that shipping costs through the Strait of Hormuz will rise. Standard & Poor's Global Market Intelligence also stated on the 17th that the threat of a large-scale conflict between Israel and Iran is "enough to seriously disrupt shipping," and there are signs that some shipping companies are beginning to avoid the Strait of Hormuz.
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