Iran seizes two ships, reducing Strait of Hormuz traffic amid tensions

Following Iran’s seizure of two ships, vessel traffic through the Strait of Hormuz has decreased, raising concerns about increased security risks in the region. The Strait of Hormuz is a critical chokepoint, accounting for approximately 25% of global seaborne oil and 20% of LNG transport. Amid ongoing US-Israeli conflict, the strait has been largely blocked due to various Iranian measures.