Shipping traffic through Hormuz drops to two-month low
Quick Look
Shipping in the Strait of Hormuz has dropped to its lowest level in more than two months following attacks on tankers last week, with only seven vessels passing through the strait on Tuesday, according to Kpler, the fewest since July 23; the number of vessels increased to ten on Wednesday but remained below the daily average of more than 20 recorded over the weekend.
AI-generated summary
Why It Matters
The Strait of Hormuz is a strategically important oil and gas shipping route through which a significant portion of the world's energy supplies pass. Since the start of the conflict between Iran and the US-Israel coalition, tensions have increased in the region, leading to a series of incidents involving commercial vessels.
Shipping traffic in the Strait of Hormuz has fallen to its lowest level in more than two months.
The number of ships passing through the strait has dropped to a trickle following attacks on tankers this week.
MOSCOW, October 8 - RIA Novosti. Shipping traffic in the Strait of Hormuz has fallen to its lowest level in more than two months, Reuters news agency reported, citing ship tracking data.
The number of ships passing through the Strait of Hormuz fell to its lowest level in more than two months after attacks on tankers in the key waterway last week reached the highest level since the start of the US-Israeli war with Iran, according to shipping data.
Seven cargo ships passed through the Strait of Hormuz on Tuesday, the fewest since July 23, according to Kpler data cited by the agency.
The number of vessels rose to ten on Wednesday, but the figure remained below the daily level of more than 20 reached on Sunday and Monday.
Earlier on Wednesday, the UK Maritime Trade Operations Office (UKMTO) reported an incident involving a tanker approximately 94.5 kilometers north of Madinat al-Shamal, Qatar, injuring several people.
What to Watch
AI outlook — possibilities, not facts
Shipping in the Strait of Hormuz will remain below average levels over the next two weeks as the threat of attacks continues
Likely · Within weeks
Brent and WTI oil prices may rise in the short term due to supply risks through the Strait of Hormuz
Possible · Within weeks
Open Questions
- Who exactly is behind the latest attacks on tankers in the Strait of Hormuz?
- Will additional measures be taken to ensure the safety of navigation in the strait?
- How long will the current level of decline in shipping continue?
- Are oil importing countries planning alternative routes in response to the current situation?
