GULF BOTTLENECK

Strait of Hormuz traffic plummets amid fears of new Iranian attacks

Many of the ships are idling near the narrow waterway, while 2,474 vessels, including 178 oil tankers, have remained in Gulf waters since March 5

Giuseppe CACACE / AFP via Getty Images

Cargo ships and tankers in the Strait of Hormuz off the UAE's coastal city of Fujairah

About 1,000 vessels carrying roughly 20,000 crew members are unable to pass through the Strait of Hormuz amid fears of Iranian attacks, cutting traffic by nearly 90%.

The International Maritime Organization says many of the ships are...