Tanker transit through Strait of Hormuz plunges as US-Iran ceasefire fractures

The Strait of Hormuz faces a renewed plunge in maritime traffic after the United States ended its ceasefire with Iran, casting a shadow over a tentative commercial recovery, as analysts warn unaddressed differences in the framework agreement risk fuelling further escalation.Traffic volumes dropped again on Thursday, with only 14 vessels transiting the strait, down from 35 a day earlier, according to Veson Nautical, a maritime software and data provider. Real-time data from the vessel-tracking platform MarineTraffic also showed that movements through the strait were largely at a pause on Friday.Since Washington and Tehran announced their ceasefire framework on June 17, about 513 vessels had passed through the waterway, a significant uptick but still only about one-fifth of the roughly 2,500 vessel transits that would have been recorded under normal conditions, according to Veson Nautical.