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 included two empty product tankers, while a small LNG carrier and a tanker shipping residual fuel exited the Persian Gulf with energy products en route to buyers.
At Bab el-Mandeb, the chokepoint between the Red Sea and the Arabian Sea, traffic remained unchanged on Monday compared to the 10-day average of about 24 vessels transiting the area.
Traffic at the Strait of Hormuz has slumped to the lowest in more
