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Hormuz Strait to see one billion barrels in two months
The Strait of Hormuz has experienced a significant increase in oil transit activity over the past two months, with more than a billion barrels of crude oil passing through the strait amidst a rise in the number of ships transiting, despite ongoing congestion and rising shipping costs. On September 19, the daily transit volume reached 30 ships, up from 6 ships at the end of August, with 408 ships currently waiting, including 94 oil tankers. The commander of the U.S. Central Command confirmed that over two thousand ships have passed through the strait during this period. Efforts continue to enhance maritime security and counter drones, amid warnings of a potential escalation in the region.
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