S&P 5007,533.77▼0.5% Nasdaq25,881.95▼1.5% Dow52,552.97▼0.2% Russell 2K2,974.57▼0.1% 10-Yr4.57%+2bp VIX16.73+1.06 WTI$79.00▼0.8% Gold$3,981.40▼1.6% EUR/USD1.145▼0.2% BTC$66,254▲1.6% Nikkei68,752▲1.5%
At close · Thu, Jul 16, 2026
Daily Market Updates.

Commodities

Home›Commodities›Energy›Ships avoid Strait of Hormuz as fighting strains oil c…

Ships avoid Strait of Hormuz as fighting strains oil corridor

Vessel traffic through the Strait of Hormuz has slumped since a U.S. blockade took effect last week, according to CNBC Markets.

Reported · Written up by our desk · Energy

Ships have been avoiding the Strait of Hormuz as renewed fighting has added pressure to a key oil transit corridor, CNBC Markets reports.

According to the outlet, vessel traffic through the strait has fallen since U.S. President Donald Trump’s blockade took effect last week.

CNBC World echoes the same point, citing the decline in traffic through the corridor following the blockade amid the renewed conflict strain.

← Newer storyAustralian dollar slips in gains near 0.7010 as US-Iran tensions rise

More like this

CommoditiesPakistan agrees to $21.88 per MMBtu LNG cargo amid supply disruption
CommoditiesGoldman sees oil averaging near $100 next year if Strait traffic stays hit
CommoditiesOil supply risk shifts toward the Red Sea and Bab el-Mandeb
CommoditiesIran warns U.S. missile strike on nuclear plant could pose safety risk
CommoditiesAbu Dhabi approves $6.2 billion gas project for Umm Shaif expansion

Sources

CNBC MarketsShips shun Strait of Hormuz as renewed fighting strains key oil corridor
CNBC WorldShips shun Strait of Hormuz as renewed fighting strains key oil corridor

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.