Shea Levin — text status

Shipping traffic through the Strait of Hormuz has dropped to its lowest level in months following the latest U.S. and Iranian strikes on oil tankers, Reuters reports. Kpler data shows the strait averaged just 10 commodity vessel crossings per day over the past 10 days, the lowest since May. Only two ships transited the waterway on Saturday and six on Sunday, with most of Sunday’s traffic using the Iranian route.