[Strait of Hormuz Traffic Volume Drops to 3-Week Low] BlockBeats reports that on July 17, according to shipping information website Kpler, confirmed crossings through the Strait of Hormuz dropped to a 3-week low on July 16, with only 8 recorded instances. Analysts pointed out that the low traffic volume could exacerbate uncertainties in crude oil supply, impacting fluctuations in international oil prices.