Strait of Hormuz Tanker Traffic Falls to Five-Week Low

AI Summary

Tanker traffic through the Strait of Hormuz fell to a five-week low following renewed U.S.-Iran military escalations, with concerns about safety at the vital oil and LNG passageway causing a drop in vessel transits.

Tanker traffic through the Strait of Hormuz dipped on Sunday to the lowest number in five weeks as the latest U.S.-Iran escalation reignited concerns among ship operators about safety at the key oil and LNG chokepoint. On Sunday, after the U.S. carried out a third wave of strikes on Iran, and Iran retaliated by targeting U.S. bases in Kuwait, Bahrain, Qatar, Oman, and Jordan, only six tankers were tracked by Kpler to have transited the Strait of Hormuz, Reuters reported on Monday.   Sunday’s traffic numbers were the lowest in five weeks,…