HSBC: "Unveiling" the reality of the Strait of Hormuz: Only 8 ships pass through daily on average, a sharp decrease of 94% in traffic.

As the US-Iran conflict escalates, the number of oil tankers and cargo ships passing through the Strait of Hormuz has sharply decreased, which is the world's most critical "oil chokepoint". According to Morgan Stanley, commercial traffic in the Strait of Hormuz has "virtually stopped". According to analysis from the bank's energy and commodities department, on Tuesday, the day Iran announced the closure of the Strait of Hormuz, only eight ships were tracked passing through the narrow waterway. Normally, about 138 ships pass through the strait each day. The flow through the waterway has plummeted by 94%.