Strait of Hormuz vessel transits drop to four-day low July 2: CAS
Vessel transits through the Strait of Hormuz dropped to a four-day low of 43 crossings on July 2, 2026, amid ongoing regional tensions, with five vessels navigating without transponders and Iran-linked vessels accounting for nearly 60% of traffic. Freight rates for crude shipments from the Persian Gulf remain significantly elevated, well above the five-year average, reflecting sustained disruption to this critical energy shipping chokepoint.