Kepler: Tanker Traffic Through Hormuz Drops
Ship tracking data showed that the number of tankers passing through the Strait of Hormuz dropped to just one on July 23, the lowest rate since May, amid ongoing security risks and rising oil prices that exceeded $100 per barrel. The data also revealed that the total number of tankers transiting the Bab el-Mandeb Strait reached 32, with warnings about alternative routes through the Suez Canal, which could lengthen the journey. These developments come amidst ongoing tensions between the United States and Iran, with reports indicating that Iran has carried out attacks on ships, leading to increased caution when crossing the strait.
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