In its statement, JMIC indicated that the analysis of ship signals shows a sharp decline in the number of passing vessels to single-digit figures. Over the past 24 hours, only two cargo ships have passed through the Strait of Hormuz, indicating a significant reduction in activity in this key maritime corridor.
This situation can be regarded as a de facto halt to commercial shipping, specialists from the center emphasize.
The Strait of Hormuz is strategically important for the transportation of various goods, including oil and fertilizers. However, due to ongoing military conflicts in the Middle East, this route has become extremely dangerous. Many tankers loaded with oil and gas remain in the Persian Gulf, as the risk of passing through the strait has significantly increased following attacks on several vessels.
Iran's Foreign Minister, Abbas Araghchi, stated on Thursday that while Iranian military forces are not currently blocking the Strait of Hormuz, this may be possible in the future. He noted that ships are afraid to pass through the strait due to the current situation. Earlier, Iranian military officials warned of their readiness to sink vessels if they attempt to navigate through this route.
Washington announced this week its intention to offer naval escort to ships, as international insurers have begun to limit coverage for military risks. However, so far shipowners have not received sufficient guarantees, as reported by Bloomberg.
Meanwhile, the price of Brent crude oil reached its highest level since July 5, 2024, recovering from a recent decline. As of 12:54 Moscow time, May futures for Brent on the London ICE Futures exchange are trading at $87.21 per barrel, which is $1.80 (2.11%) higher than in the previous session.
WTI oil futures for April on the New York Mercantile Exchange (NYMEX) are also showing an increase, gaining $3.52 (4.35%), reaching $84.53 per barrel.
