Hormuz Shipping Confidence Is Still Shaky

AI Summary

Shipping traffic through the Strait of Hormuz has increased after a recent attack on a vessel in the Gulf of Oman, but shipowners remain cautious about transiting the area. Tankers carrying crude oil are moving through the chokepoint amid heightened regional security concerns.

Traffic through the Strait of Hormuz has picked up over the past week but shipowners remain cautious about transiting, especially after the Thursday attack in the Gulf of Oman on a vessel that had just cleared the chokepoint. On Friday morning local time, two tankers carrying crude were moving out of the Strait while four empty supertankers were traveling inbound near the Omani coast, according to vessel-tracking data monitored by Bloomberg. While some traffic has been observed on Friday, the Thursday attack on the container ship Ever Lovely prompted…