Shipping traffic falls further in Strait of Hormuz as US, Iran compete over claims to control

Shipping traffic in the Strait of Hormuz has fallen below the monthly average due to volatile sentiment between the United States and Iran, with both nations asserting control. Iran's Basij paramilitary unit stated the strait is under its control, while the U.S. indicated it could maintain a naval blockade indefinitely. Risk of attacks on vessels persists, with the Abu Dhabi National Oil Company reporting two of its vessels were attacked, leading the UAE to accuse Iran.

The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said on Thursday. Meanwhile, the United States on Thursday said it could maintain a naval blockade of Iran indefinitely and would ratchet up economic pressure on Tehran as ceasefire talks have floundered.

Commodity vessel transits at Hormuz picked up slightly on Thursday, but remained lower than the month's daily average of 12, based on Kpler data in August so far. A total of nine vessels transited the strait on Thursday, up from five the previous day, according to Kpler data. The nine vessels included five entries heading into the Gulf and four exits into the Gulf of Oman, mostly via the Iranian shipping route.

Risk of attacks on vessels persisted. Abu Dhabi National Oil Company said two of its vessels were attacked while transiting the Strait of Hormuz on Thursday evening, with no injuries reported, as the United Arab Emirates accused Iran of carrying out the attack. Meanwhile, 19 commodity vessels passed through the Bab el-Mandeb strait on Thursday with their transponders on, broadly stable from 20 on the previous day, Kpler data showed. Some vessels may be sailing at the key waterways with their transponders turned off, which is not considered in the counts.

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The Strait of Hormuz is "under Iran's control and management."