Summary
- Daily tanker traffic through the Strait of Hormuz fell to just 1 ship, a sharp drop from the usual about 100 vessels.
- Continuing military tensions in the Middle East and ongoing shipping disruptions in the Strait of Hormuz could affect global oil supply chains.
- Traffic has yet to return to normal even after the ceasefire announcement between the US and Iran, putting the pace of shipping normalization in focus.
Forecast Trend Report by Period
Only one tanker passed through the Strait of Hormuz over a 24-hour period, underscoring a sharp drop in traffic along one of the world's main oil shipping routes.
CNN reported on July 10, citing its analysis of MarineTraffic AIS vessel-tracking data, that just one tanker transited the strait that day. The ship was identified as the Botswana-flagged Mab 5.
The data also showed some bulk carriers and cargo ships entering the Persian Gulf or heading toward the Gulf of Oman. Vessels that turned off their AIS signals may not have been captured.
Traffic through the strait has yet to recover to normal levels even after the recent ceasefire announcement between the US and Iran. In normal times, about 100 vessels pass through the waterway each day.
As military tensions persist in the Middle East, disruptions in shipping through the Strait of Hormuz are emerging as a potential variable for global oil supply chains. Attention is focused on whether traffic returns to normal.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
