Commercial shipping through the Strait of Hormuz has dropped to its lowest level since May, according to energy tracking data, as ongoing military exchanges and economic sanctions between Washington and Tehran continue to disrupt key maritime trade routes.
Data from vessel-tracking firm Kpler showed the ten-day moving average of commodity ships transiting the vital waterway fell to 10 vessels on Sunday, down from more than 15 on Friday and roughly 13 on Saturday.
The drop in maritime traffic coincides with growing pressure on the Iranian economy, driven by tight US sanctions and a naval blockade targeting Iranian crude oil exports.
Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament, acknowledged the severity of the domestic crisis on Monday, identifying sharp currency volatility, inflation, unemployment, and market instability as primary challenges facing the country.
"Severe currency fluctuations, inflation, unemployment, and market management have become our prominent hurdles," Ghalibaf said, as Iran's Ministry of Economic Affairs announced intensified measures to cushion the domestic market from war-related disruptions.
The renewed military and economic standoff comes six months after joint US-Israeli air strikes against Iranian positions, which have left diplomatic negotiations deadlocked following the collapse of a preliminary ceasefire agreement. Both sides have since resumed reciprocal strikes and cross-border threats, keeping the regional conflict in a state of attrition.
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