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00:02Iran's de facto blockade of the Strait of Hormuz has reduced tanker traffic to 21 vessels
00:07since February 28th, down from more than 100 daily, according to CNBC.
00:13Hundreds of ships have accumulated near the choke point,
00:15with about 400 vessels operating in the Gulf of Oman and Cruz stranded aboard ships.
00:20Iran has allowed limited transits under negotiated conditions,
00:24including China-linked, Indian, Pakistani, Turkish, and Greek-operated vessels.
00:30At least 16 ships have been struck near key regional ports, with attacks described as random.
00:35Ship owners have rerouted cargo to alternative ports in the UAE and Oman,
00:39increasing congestion across secondary hubs.
00:42For all things money, visit Benzinga.com.
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