Hormuz Traffic Falls to Six Vessels as U.S. and Iran Exchange Compensation Demands
Maritime crossings through the Strait of Hormuz dropped from 15 on Friday to six on Sunday and Monday, well below the 10-day average of roughly 11, as U.S.-Iran negotiations stall over competing compensation claims. President Trump on August 10 demanded Iran pay damages for American casualties, including families of sailors killed in the 2000 USS Cole bombing, while Iran has outlined six conditions for reopening the strait, including full payment of war and sanctions damages and withdrawal of U.S. naval forces. The strait normally carries about 20 percent of global petroleum-liquids consumption daily, making the traffic decline a significant indicator of ongoing disruption to global energy supply chains.