Gulf Oil Exports Struggle to Recover Despite Higher Hormuz Traffic By ZeroHedge - Jul 30, 2026, 2:00 PM CDT
Crypto
30 Jul 2026, 20:00Gulf Oil Exports Struggle to Recover Despite Higher Hormuz Traffic
Shipping traffic through the Strait of Hormuz slightly increased as US-Iran negotiations remained ongoing in an effort to restore peace after the memo
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Shipping traffic through the Strait of Hormuz slightly increased as US-Iran negotiations remained ongoing in an effort to restore peace after the memorandum of understanding collapsed amid two weeks of tit-for-tat strikes, according to Pakistan's Foreign Ministry spokesperson Tahir Andrabi, who provided no further details. Still, the security situation in the Gulf deteriorated overnight after the US launched a new wave of strikes on Iran following attacks on US forces in Jordan. Additionally, reports emerged that a US-owned LNG vessel was struck…
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