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Cargo Ship Attack Raises Fresh Doubts Over Strait Of Hormuz Recovery

Confidence was shaken after the Singapore-flagged container ship Ever Lovely was struck by a projectile near Oman

Pic via @airnewsalerts

Shipping traffic through the Strait of Hormuz has improved one week after the United States and Iran agreed to reopen the strategic waterway, but a fresh attack on a cargo vessel has renewed concerns over maritime security, according to the report.

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The report said 125 vessel transits were recorded between June 15 and 21, the highest weekly total since the conflict began in late February. A record 62 commercial vessels crossed on June 24, though that was only about half of the traffic seen on the same day last year.

Confidence was shaken after the Singapore-flagged container ship Ever Lovely was struck by a projectile near Oman. A U.S. official told CNBC the attack was carried out by Iran's Islamic Revolutionary Guard Corps. The incident forced the United Nations to suspend its evacuation mission for stranded ships.

Industry executives said uncertainty over shipping routes, elevated insurance costs and conflicting navigation guidance from Iran, Oman and the United States continue to discourage operators.

While some analysts expect oil tanker traffic to recover further, many companies remain cautious until clearer security guarantees are established.

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UN Pauses Hormuz Evacuations After Vessel Is Struck
The attack came hours after Iran’s Revolutionary Guards warned that ships should only use routes approved by Tehran.

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