Iran’s grip on trade is a potent weapon, but it has an expiry date
- Iran has turned its ability to restrict commercial passage through the Strait of Hormuz into a potent economic weapon in the war imposed by the United States and Israel.
- IMF PortWatch shows that in the seven days ending August 2, an average of only about four ships per day passed through the strait, compared with about 90 during the corresponding week of 2025.
- Estimated transit volume fell from 3.5 million to about 143,000 metric tonnes per day.
Unverified
- Iran has turned its ability to restrict commercial passage through the Strait of Hormuz into a potent economic weapon in the war imposed by the United States and Israel.
- IMF PortWatch shows that in the seven days ending August 2, an average of only about four ships per day passed through the strait, compared with about 90 during the corresponding week of 2025.
- Estimated transit volume fell from 3.5 million to about 143,000 metric tonnes per day.
Sources: Al Jazeera