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Ship traffic in the Strait of Hormuz is still way below normal levels before the war when more than 100 vessels crossed daily.
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;Resize=(620)) Israeli strikes killed at least three people in southern Lebanon on Wednesday, Lebanon's state news agency reported, and Hezbollah said it launched an attack drone at Israeli forces in the south, further straining a ceasefire between the two countries.
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Three vessels came under fire in the Strait of Hormuz, after the U.S. and Iran failed to meet in Pakistan for talks to end the war and as President Trump extended the ceasefire but kept the blockade.
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But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.
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