Shipping slows through Strait of Hormuz after tanker attacks, data shows

Shipping traffic through the Strait of Hormuz has slowed following recent tanker attacks, with oil prices holding steady as supply disruption concerns persist, Reuters and Bloomberg reported Monday. Brent crude remained at $88.55 a barrel while U.S. West Texas Intermediate slipped to $82.26, after both contracts gained over 5% last week following attacks on tankers operated by Abu Dhabi National Oil Company and a Saudi Aramco refinery. Reports indicate some Middle Eastern oil producers have been operating with transponders disabled through the strait in recent months, complicating efforts to measure shipping volumes amid escalating U.S.-Iran tensions.