Commodities
Home›Commodities›Energy›Strait of Hormuz traffic falls as US blockade coincide…
Strait of Hormuz traffic falls as US blockade coincides with fewer tankers
A first full day of the reinforced US blockade saw zero VLCCs or LNG tankers transit the strait, and LNG exports are described as largely stalled.
Vessel traffic through the Strait of Hormuz has fallen sharply over the past week, with about 10 to 15 vessels transiting on average this week, according to Forexlive.
Forexlive said the first full day of the reinforced US blockade coincided with zero VLCCs and zero LNG tankers transiting the strait, while oil tankers that do pass are limited to Iranian exports using the northern corridor and a highly restricted flow of regional Arab Gulf oil.
The outlet also described LNG exports as largely at a standstill, as both sides continue strikes with no near term truce or accord.
Forexlive added that the IRGC reiterated it will not allow oil and gas to pass through the Strait of Hormuz while US attacks continue, and said it launched an attack on the US command center in Syria’s Al-Tanf.