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Oil tanker traffic through Strait of Hormuz grinds to a halt
Ship-trackers showed only one tanker moving through the Strait early in the disruption, compared with 14 commodity-carrying vessels on Wednesday.
Oil and gas tanker traffic through the Strait of Hormuz slowed sharply after renewed US-Iran escalation, with the US declaring the ceasefire over, according to Bloomberg cited by OilPrice.
Bloomberg reported that earlier on the day, only one tanker was moving along the waterway, a sanctioned very large crude carrier that transited the Iran-controlled route alongside an Iranian container ship. On the route closer to the Omani coast, which is supposed to be under US control, no traffic was detected by ship-trackers.
The drop contrasts with 14 commodity-carrying vessels that traversed the Strait of Hormuz on Wednesday, Bloomberg noted. Over the prior three weeks after the ceasefire deal, Hormuz saw an average of 34 tanker crossings per day, peaking at 59 on June 24, based on data from Kpler.
Reuters data compiled from analytics firms Kpler and LSEG showed at least four oil and LNG tankers making U-turns on Wednesday, with three empty LNG carriers reversing late on Tuesday while en route to load cargoes at Qatar’s Ras Laffan facility. Reuters also noted a supertanker carrying crude to India U-turned after Iran struck three vessels.
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