Transits through the Strait of Hormuz have dropped to the lowest level in over two months, with only seven vessels passing through recently amid increased attacks on tankers, according to shipping data. Crude oil crossings fell by 27 percent from the previous week, now at 10.1 million barrels per day, while exports from the Gulf of Oman and the Red Sea rose significantly, compensating for the reduced supply through Hormuz.

Source: Arab News