Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked there and the United States said it could maintain a naval blockade of Iran indefinitely.

A senior Iranian source said on Wednesday that there had been no progress in talks to ‌build on a June agreement to end the war. Since the ceasefire renewed in the June deal broke down, Iran has resumed attacks on ships it accuses of trying to transit the strait without its permission.

The United Arab Emirates’ Abu Dhabi National Oil Company said two of its vessels were attacked transiting the strait on Thursday evening. The UAE government blamed Iran, which made no immediate comment.

Two vessels passed through the narrow waterway on Friday, according to analysis from ship tracking firm Kpler: a grain ship entering Iranian waters and an empty dry bulk ship going in the other direction.

A separate empty liquefied petroleum products tanker was sailing into the Gulf via the strait, the data showed. There were no crude oil shipments visible on Friday.

Nine vessels passed through the strait on Thursday, up from five on Wednesday but ⁠below the average of 12 for August.

Some ships may pass through undetected with their transponders off, but the figures are nowhere near the more than 130 ships that traversed the Strait of Hormuz daily before the war launched by the US and Israel on Iran in February.

“Alongside the threat to energy infrastructure in the region, Iran’s ability to restrict shipping through the strait is its main source of leverage in negotiations,” said Torbjorn Solvedt, principal Middle East analyst with risk intelligence company Verisk Maplecroft.

US Defence Secretary Pete Hegseth told reporters the US military has the capability to maintain a naval presence in the region to enforce its retaliatory blockade of Iran, which has inflicted severe economic damage on the country.

“Indefinitely the United States Navy can maintain a blockade like that because we’ll rotate ships in and out, as we have, and we’ll continue to,” Hegseth told reporters during a trip to Panama.

Treasury Secretary Scott Bessent said the United States planned to inflict more financial damage on Iran.

“Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country,” he said in an interview on Newsmax’s “Rob Schmitt Tonight” programme.

US President Donald Trump is under pressure at home to ‌end an unpopular ⁠war, with high fuel prices dragging down his approval ratings and potentially eroding his party’s control of Congress in midterm elections in November.

Benchmark Brent futures and US West Texas Intermediate crude futures were both up slightly at about $87 and $81 a barrel respectively.
India’s reliance on Russian crude surged to a record in July, while refineries in Asia, a major customer for fuel from the Gulf, bought US crude this week to ensure future supplies.

Trump has repeatedly asserted that the US has “total control” over the strait, through which a fifth of global oil and liquefied natural gas flowed before the start of the war.

Iran rejects that, and has said it will not allow the waterway to reopen until its conditions are met. These include removing economic sanctions ⁠and releasing frozen Iranian assets.

The post Hormuz traffic slows amid US economic threats against Iran appeared first on Egyptian Gazette.

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