Strait of Hormuz crossings halve as Iran-US negotiations remain deadlocked

Only seven commodity vessels traversed the Strait of Hormuz on Thursday, half the number from the previous day, according to shipping data from Kpler. The decline reflects heightened security concerns and the absence of progress in US-Iran peace talks, with no very large crude carriers or LNG tankers among the crossings. Oil prices have risen for a second consecutive week as the ongoing conflict disrupts supply from the region.