Hormuz Shipping Traffic Falls to Single Digits, Data Shows
Reuters reported the drop as regional tensions and renewed hostilities raised market concerns and pushed Brent crude near $107 a barrel, traders said.
- Reuters reported on Thursday that vessel transits through the Strait of Hormuz fell to single digits, with just seven ships crossing compared to the 14-vessel 10-day average.
- Challenging Iran's blockade claims, the U.S. previously reported a clandestine operation capable of moving 10 million barrels of oil daily through the Strait, asserting continued control of the southern lane.
- Brent crude neared $107 per barrel this week, a 20 percent increase month-over-month, while diesel fuel reached $6 per gallon, straining operations for companies like Home Run Inc.
- Parliament Speaker Mohammad Bagher Qalibaf warned that American oil and gas assets are exposed to retaliation, stating, "Strike our assets, and you get struck."
- Trump stated this week he is not currently seeking a deal, expecting the conflict to end after the election despite earlier expectations of potential resolution.
26 Articles
26 Articles
Hormuz shipping traffic falls to single digits, data shows
SINGAPORE, Sept 11 (Reuters) - Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15. Of the seven vessels, two Panamax ships ex...
Seven vessels passed through the Strait of Hormuz on September 10, the Reuters news agency reported, citing the analytical company Kpler
Seven vessels passed through the Strait of Hormuz on September 10, the Reuters news agency reported, citing the analytical company Kpler.Before the start of the war between the United States and Iran, about 125 large commercial vessels usually...
Hormuz Transits Fell to Single Digits — Just Seven Vessels in a Day, Down from a Ten-Day Average of Fourteen, per Reuters
Two weeks after officials told Axios the U.S. controlled Hormuz's southern lane and Trump declared that sucker is open, Reuters counts just seven transits in a day — half the ten-day average. A CSIS expert says the harder Washington pushes, the harder Iran pushes back. Tehran's parliament speaker warns U.S. oil firms they share the exposure. Brent hit its highest since May; diesel sits at records.
The number of vessels that crossed the Strait of Ormuz fell to seven on Wednesday, before 12 on the previous day, showed preliminary ship tracking data on Thursday. The level was also below the average of 14 of the last ten days. Read also: Iran rejects retreat and is said to be ready to expand war with the U.S. Houthis advance to strategic control Strait of Bab el-Mandeb, in the Red Sea Of the seven vessels, four came out of the Strait and thre…
The number of ships passing through the Strait of Hormuz fell sharply on Wednesday, while Saudi Arabia's Red Sea crude oil loadings rebounded from a six-month low in September, Reuters reports.
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