Hormuz Tanker Transits Crash to Single Digits as Crisis Deepens

AI Summary

Tanker traffic through the Strait of Hormuz has declined to only nine vessels, marking a significant drop in commodity shipments via this critical energy transit route. This reduction signals escalating tensions and potential disruptions in global oil supplies.

Only nine commodity carriers passed through the Strait of Hormuz on Thursday, eight of them exiting the waterway, Reuters reported in its now regular update on tanker numbers in the strait. The Thursday total is a further decline on already depressed numbers that have now gone from double to single digits, with the 10-day average at 18. The nine tankers that passed through Hormuz yesterday included one very large crude carrier, several Panamaxes and Supramaxes, short- and medium-range smaller carriers, and one ballast very large gas carrier, the…