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Strait of Hormuz's commodity vessel crossings dropped to single digits, according to preliminary ship tracking data

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Preliminary ship tracking data shows Strait of Hormuz commodity vessel transits fell to single digits amid elevated maritime risks, high charter rates, and reduced regional crude flows.

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Sources say a return to the June 18 memorandum of understanding between Iran and the US is no longer sought by either side, with both seeking amendments to some clauses, further complicating negotiations, Al-Akhbar reports