Ship traffic through the Strait of Hormuz has fallen to a near three-month low as confidence fades that the U.S. and Iran will reach an agreement to fully reopen the key Middle East oil corridor. A CNBC analysis of Kpler data showed a five-day average of around 13 vessel transits on Tuesday, including cargo ships and oil tankers, roughly 90% below the daily average of 130 before the U.S. and Israel attacked Iran on Feb. 28. Energy Secretary Chris Wright said oil exports through Hormuz still averaged nearly 9 million barrels per day over seven days, with tankers moving through the strait under U.S. military protection, and said total Gulf oil exports average about 15 million bpd when pipelines are included. Iran said it will not agree to fully open the strait until the U.S. meets its demands, while Treasury Secretary Scott Bessent had said a deal could come soon before the talks stalled. The route had briefly reopened under an interim deal on June 17, lifting transits to about 60 on June 26, but that agreement later collapsed amid disputes over undefined shipping routes and renewed attacks and strikes.