Eco
On Monday, the Strait of Hormuz saw at least 36 cargo ships pass through, a record in maritime traffic since the war began in the Middle East. This activity, reported by maritime analytics platform Kpler, follows a memorandum of understanding signed between the United States and Iran. This volume represents about one-third of peacetime traffic, typically around 120 vessels daily through this critical waterway. The Strait of Hormuz is a strategic artery for global trade, usually facilitating one-fifth of the world's fossil fuel exports, alongside other essential raw materials.