Summary
Iran and Oman continue negotiations on how to manage and share revenue from the waterway.
The Bab el-Mandeb Strait experienced a decrease in vessel numbers during the same period.
Ten commodity vessels transited Hormuz on Wednesday, up from eight the previous day.
This figure remains below the ten‑day moving average of roughly fifteen vessels per day.
The transits included medium‑range fuel tankers, a liquefied petroleum gas carrier, a Panamax‑sized tanker, and three handymax‑sized tankers.
Iran and Oman are finalising details of an agreement to share the strait and its revenue.
Bab el‑Mandeb saw nineteen vessels on Wednesday, down from twenty‑four the day before, with six tankers exiting.
Iran and Oman continue negotiations on how to manage and share revenue from the waterway.
The Bab el-Mandeb Strait experienced a decrease in vessel numbers during the same period.
Want to learn even more? Click here to read the full story!