Vessels trickle through Strait of Hormuz as Mideast tension persists
A dozen commodity vessels crossed the strait on the weekend, down from 35 the prior weekend, as US-Iran tensions kept shipping subdued.
- A dozen commodity vessels transited the Strait of Hormuz over the weekend, down from 35 the prior weekend, shipping data showed on Monday as tension in the Gulf persisted with the US and Iran in stalemate.
- Before the US-Israeli war with Iran began on February 28, the Strait typically handled about 125 large commercial vessels daily. Visible traffic has since dwindled to a trickle.
- During the week of Sept 13, 13 tankers carrying 34 million barrels of crude exited the Strait, mostly very large crude carriers according to Kpler data.
- On the weekend, five vessels left the Gulf carrying agricultural products and liquefied petroleum gas while an empty carrier entered. Four additional vessels exited the Strait on Sunday.
- JPMorgan analysts reported Middle East oil flows remain strong despite Saudi Arabia's East-West pipeline disruption, with OPEC producer exports recovering to over 4 million barrels per day in Sept. Iraq accounted for 35% of the volume.
12 Articles
12 Articles
Before the war between the US, Israel and Iran began on 28 February, the strait passed through about 125 large merchant ships a day.
Published reports indicate very weak cargo ship traffic in the Strait of Hormuz.
From 35 ships in the previous two days, traffic has dropped to 12 as the US and Iran remain at an impasse
Vessels trickle through Strait of Hormuz as Middle East conflict persists
A dozen commodity vessels transited the Strait of Hormuz on the weekend, down from 35 the prior weekend, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate.
Oil prices started the week lower amid expectations of diplomatic developments, while visible commercial traffic in the Strait of Hormuz weakened significantly. As markets price in a potential US-Iran confrontation, ship movements in the strait indicate that the risk to energy supply persists.
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