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“In June, Washington and Iran signed a ceasefire agreement that quickly broke down over control of the Strait of Hormuz.”

“As shipping traffic through the besieged Strait of Hormuz fell to its lowest level since July this week, reports have emerged that sailors are being paid large bonuses for making the dangerous trip through the Gulf waterway.”

“This includes transits via the Strait of Hormuz, the Red Sea, exports from terminals and ship-to-ship transfers in the Gulf of Oman.”

“…ran’s Foreign Minister Abbas Araghchi has met with Qatari mediators in New York to discuss a proposal to reopen the Strait of Hormuz, while a United States official said there would be no agreement to end the war unless Tehran’s nuclear programme is…”

“Preliminary ship-tracking data shows vessel transits through the Strait of Hormuz falling to single digits a day over the weekend, remaining well below the 10-day average of 14 a day, the Reuters news agency reported.”

“Iran says it plans to establish a new restricted zone around the Strait of Hormuz, a global energy chokepoint, after Tehran and Washington traded attacks on ships in the crucial waterway in what experts called a “dangerous escalation”.”

“Six months into the United States-Israel war on Iran, the closure of the Strait of Hormuz continues to drive one of the worst maritime shipping disruptions in decades.”

“Oil flows through the Strait of Hormuz nearly tripled while the Memorandum of Understanding (MoU) between the United States and Iran was in effect, though it remained far below pre-war levels, according to ship tracking data.”

“United States President Donald Trump has insisted that his military remains in control of traffic through the Strait of Hormuz, and suggested this past week that the US might even seek to take charge of the territory.”