Ship Movements Slow in Hormuz After Iran Warns of Retaliation for New U.S. Strikes
Shipping transits through the Strait of Hormuz declined at the start of the week after Iran threatened to retaliate against any further U.S. attacks, while passage through the Bab el-Mandeb increased. Kpler monitoring reported lower counts for Hormuz and higher counts for Bab el-Mandeb, and Goldman Sachs adjusted its oil-price forecasts expecting d…