Transcontinental carriers hit two-month low
Data has been published indicating that the number of oil tankers passing through the Strait of Hormuz has dropped to just one tanker on July 23, the lowest level since May 7, amid ongoing risks threatening maritime navigation in the region and with oil prices rising to around $100 per barrel. Conversely, the number of commodity tankers passing through the Bab el-Mandeb Strait has increased to 32 tankers, with some being rerouted via the Suez Canal instead of the strait, potentially tripling the duration of the journey. Continual tensions and risks are impacting oil flows and maritime traffic in the Middle East.
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