Hormuz Traffic Sank To Just Six Vessels Monday

Hormuz Traffic Sank To Just Six Vessels Monday Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal began to fade, yet again. As OilPrice notes, on Monday, only six commodity vessels transited the Strait of Hormuz in either direction, down from 11 ships in the latest 10-day average, according to shipping data from Kpler cited by Reuters on Tuesday. Four commodity vessels moved inbound into the Persian Gulf via the Strait and two others exited outbound, the data showed. Bloomberg data reveal a similar picture, only instead of 2 ships exiting, Bloomberg has only 1, bringing the total Monday commercial crossings to 5. The inbound movement of commodity ships...

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