Shipping stalls in Strait of Hormuz after Iran closes waterway

The waterway was officially closed on Monday, though a handful of ships are still getting through. Ship tracking data shows a sharp fall in transits as United States and Iranian officials hold talks to save a fragile peace framework.

Experts say that Iran weaponized the waterway by making it too dangerous for businesses. The country is now looking to charge fees to vessels seeking to transit the vital water.

Despite the closure and the drop in overall traffic, industry trackers show that Iranian tankers have continued to sail through the strait.

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