Commodity vessel traffic at the Strait of Hormuz further slowed on Wednesday as operators continue to avoid the area amid heightened security concerns and uncertainties about how far Iran’s control could extend. As of early Wednesday, ship-tracking data on Kpler showed that just six commodity vessels transited the Strait of Hormuz on Tuesday, Reuters reports. The tanker traffic fell from nine crossings on Monday and was below the 10-day average of 11 commodity ships moving in or out of the Persian Gulf via the Strait of Hormuz. One empty…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.