Hormuz Strait March Transit Volume Plummets Over 90%

CoinNetwork · 2026-03-24T07:15:19+00:00

Since the outbreak of the US-Israel conflict with Iran, commercial shipping traffic through the Strait of Hormuz has declined significantly, with data showing a 95% decrease in transits since March. Most major shipping vessels have opted for eastward navigation and are using the northern route approved by Iran.

CoinNetwork

2026-03-24 07:15:19

Abstract generation in progress

Crypto World News reports that since the outbreak of conflict between the U.S. and Iran, global energy transportation through the Strait of Hormuz has been severely disrupted. Market service agencies show that since March, the number of commercial ships passing through this strait has decreased by 95% compared to before the conflict. On March 23, AFP cited data from market service firm Kpler, stating that from March 1 to 16:00 GMT on March 23, ships passing through the Strait of Hormuz totaled only 144, a 95% decrease from February 28, the day before the conflict began. Of these, 91 ships were transporting oil and natural gas, most sailing eastward out of the strait. According to the Multinational Maritime Information Center led by the U.S. Navy, before the conflict, about 138 ships passed through the strait daily. AFP reports that on the 23rd, ships passing through the Strait of Hormuz all appeared to use a northern route, reportedly located north of Iran’s Larak Island and approved by the Iranian government. (Xinhua)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.