Traffic in Strait of Hormuz halts as Trump weighs Iran's new proposal
London, May 4 -- Traffic through the Strait of Hormuz has come to a virtual standstill while US President Donald Trump weighs Tehran's latest peace proposal.
Hopes of an early easing of the twin blockades by Tehran and US faded after Trump said he'd review the plan, but cast doubts on whether it would satisfy him, saying Iran has "not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years."
A very large crude carrier that appeared to have made an outbound crossing several days ago, one of only a dozen such vessels to leave the Persian Gulf since the beginning of March, appears to be continuing its voyage with its cargo of Iraqi crude. The Kin A, has left its anchorage at Duqm and is heading for the Suez Canal, according to vessel tracking data compiled by Bloomberg.
The vessel popped up on tracking screens on Saturday off Duqm on the Omani coast, having previously been seen more than three days earlier heading toward Hormuz after loading at Iraq's Basra terminal. It would likely have crossed the strait on Wednesday.
Observed commercial traffic in Hormuz between Saturday morning and Sunday afternoon was limited to the usual mix of small China-linked or Iran-affiliated ships, vessel-tracking data show....
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