Hormuz Strait sees 1B barrels of oil in two months
The Strait of Hormuz has experienced a significant increase in oil transit activity over the past two months, with more than one billion barrels of crude oil passing through the strait despite challenges such as vessel congestion and rising shipping costs. Daily transit numbers rose to 30 ships on September 19, compared to the month's lowest point, while the number of active ships in the Gulf increased to 4,538, despite a decline in some oil tankers. The U.S. Central Command confirmed that over two thousand commercial ships transited the strait during the same period, as efforts continue to enhance regional security. Meanwhile, Washington warned of the potential for unexpected escalation in the Middle East, calling for caution and readiness for any possible disruptions to navigation.
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