Hormuz Tanker Traffic Stalls at Two-Month Low as Attacks Escalate

Traffic at the Strait of Hormuz remains at the lowest in more than two months as security concerns have intensified with recent attacks on ships and persistent threats to shipping in the region. After a brief respite between the middle of June and early July, when traffic at Hormuz rose with the tentative opening of the chokepoint as part of the now-dead U.S.-Iran memorandum of understanding, traffic of all vessels, including commodity carriers, plunged to a two-month low as of the end of July. And it hasn't recovered, despite U.S. attempts to…