Shipping traffic has collapsed.
Only 40 vessels crossed the strait during the week ending May 3, according to Lloyd’s List, compared with a pre-war average of around 120 crossings a day. Marine tracking data on Thursday showed almost no tanker or freight traffic moving through the corridor.
The deeper concern for Western governments and shipping firms is not merely the disruption itself, but Iran’s apparent effort to normalize authority over an international waterway.
Under the United Nations Convention on the Law of the Sea (UNCLOS),…
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