Hormuz shipping traffic declines, crude prices climb

Commodity vessel transits through Hormuz totalled four on Monday, down from 10 the previous day, according to preliminary data from Kpler cited by Reuters on Tuesday.

The Hormuz Strait Monitor showed at least 436 vessels were at a standstill.

The recent attacks on shipping in Hormuz and Saudi energy infrastructure pushed crude prices up, with Brent crude futures rising $1.24, or 1.18 percent, to $106.93 a barrel as of 00:26 GMT.

MNA 



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