Fewer commercial ships are entering the Strait of Hormuz as Israel’s attack on Iran, and growing signs the US may join it, bring unease to the shipping industry.
According to vessel-tracking data compiled by Bloomberg, the 5-day rolling average of vessels above 10,000 deadweight tons showed a decline in ships sailing through the Strait into the Gulf since Israel and Iran started exchanging missile strikes a week ago. The drop was led by container ships and bulk carriers.
