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Hormuz Traffic Falls as US Insists Waterway Remains Fully Open

Hormuz Traffic Falls as US Insists Waterway Remains Fully Open
World News Today Live Updates: Hormuz traffic falls as US insists waterway ‘fully open’ · indianexpress.com

Tensions are rising between Iran and the United States around the Strait of Hormuz.

Iran warned that it could create a restricted maritime zone in response to US sanctions.

The United States says the waterway is fully open.

Fewer ships traveled through the strait last week.

US Central Command said it had redirected, disabled or boarded several vessels since mid-July.

Iran’s security chief said recent missile launches were a warning to Washington.

Iran also raised gasoline prices for people using more than 110 litres each month.

Officials said the increase would help reduce record fuel use and provide more revenue to households.

The price increase comes as Iran faces high inflation, a weak currency and fuel imports.

Key facts

Shipping decline
Traffic through Hormuz fell 28 percent to 77 ships last week, according to Kpler.
Iranian warning
Mohsen Rezaei warned of a maritime exclusion zone across the Persian Gulf extending to the blockade perimeter.
US vessel operations
US Central Command said it had redirected 94 vessels, disabled three and boarded two since mid-July.
Gasoline price
Consumers exceeding 110 litres per month now pay 100,000 rials per litre, double the previous rate.
Affected consumers
Officials said the gasoline change would affect about 15 percent of consumers.
Fuel consumption
Daily gasoline use reached 145 million litres in August, compared with domestic production capacity of 122 million litres.
Economic pressure
Iran’s annual inflation was reported at about 67 percent, while its currency traded near record lows against the dollar.

Quotes

Mohsen Rezaei

Secretary of Iran’s Supreme National Security Council

“economic warfare will be met by a maritime exclusion zone across the Persian Gulf to the blockade perimeter.”
indianexpress.com

Ross Harrison

Analyst at the Middle East Institute

“a negotiation occurring but on the battlefield.”
indianexpress.com

Sources

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