Since the resumption of the US Iran conflict this week, the transit volume in the Strait of Hormuz has decreased. According to Kpler data, the transit volume on Thursday decreased from 30 ships the previous day to 22 ships. On Tuesday local time, Iran targeted ships in the strait and a conflict broke out between the two sides. Since their mutual attack on Tuesday, only two LNG ships have entered the strait and one has sailed out. After the signing of an agreement between the United States and Iran on June 17th to begin negotiations to end the conflict, the transit volume increased and reached its peak a few days later. Subsequently, the ceasefire was broken. Shipping brokerage company Braemar LNG stated in a customer report on Friday that ship owners are cautious and have withdrawn available capacity from the region. The reduction in the number of available vessels has pushed up transportation costs.