August 14, 2026 11:14 AM
Hormuz shipping traffic capped amid competing claims from US and Iran
Shipping traffic at the Strait of Hormuz fell below the month average towards the end of the week due to volatile sentiment between the United States and Iran, with both countries making competing claims over its control. The Strait of Hormuz is "under Iran's control and management", the recently appointed head of Iran's Basij paramilitary unit said on Thursday. Meanwhile, the United States on Thursday said it could maintain a naval blockade of Iran indefinitely and would ratchet up economic p...