Shipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic through the Strait of Hormuz saw a slight increase on Wednesday. This occurred while a geopolitical standoff between the United States and Iran persisted. Market watchers are also monitoring ongoing Iran-Oman discussions regarding the vital waterway. Meanwhile, traffic at the Bab el-Mandeb strait experienced a slowdown for the second day. Some vessels may be sailing with their transponders turned off, impacting official counts.