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Hormuz Traffic Stalls as U.S.-Iran Talks Collapse

Tanker traffic through the Strait of Hormuz has stalled as U.S.-Iran diplomatic talks collapsed before beginning. Shippers are delaying passage through the critical chokepoint amid geopolitical tensions and sanctions uncertainty.

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A day after a rush to exit the Strait of Hormuz started, tanker traffic at the chokepoint is dwindling again as shippers pull back from immediate passage amid the collapsed U.S.-Iran talks before they even began. On Friday morning, no tanker was observed to have moved outbound from the Persian Gulf through the Strait of Hormuz, according to vessel-tracking data compiled by Bloomberg. Donald Trump said, "We didn’t meet out of desperation, Iran did. They are FINISHED! We’ll play out the 60 days. They get no money, not ten cents!" Inbound…

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https://oilprice.com/Latest-Energy-News/World-News/Hormuz-Traffic-Stalls-as-US-Iran-Talks-Collapse.html

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