Hormuz maritime traffic recovering but remains fragile, Kpler says

Hormuz maritime traffic recovering but remains fragile, Kpler says Maritime traffic through the Strait of Hormuz is continuing to recover, but shipping confidence remains "fragile", according to vessel-tracking firm Kpler. In an update on Friday, Kpler said 38 vessel crossings through the monitored Strait of Hormuz zone were confirmed on 2 July, down 10 percent from the previous day but remaining within an emerging range of 30 to 60 daily crossings. The daily prewar average was 125-140 ships, carrying global supplies, including approximately 20 million barrels of oil per day, about 20 percent of the world’s seaborne oil trade.