Oil transit slowdown in Hormuz
Data shows that maritime traffic through the Strait of Hormuz has decreased significantly, with four ships leaving the strait on Sunday, while two small oil tankers entered the Gulf. Before the war between the United States, Israel, and Iran in February 2026, the strait saw around 125 ships passing daily; however, current movement is very limited, as some producers continue to export oil using ships whose transmitters and receivers are turned off. Despite ongoing clashes and attacks, Saudi oil exports through the strait have recovered to over four million barrels per day since September, up from a low of 2.4 million barrels in August. Oil prices have also declined, with Brent crude dropping to around $101.71 per barrel, amid expectations that tensions will ease in upcoming diplomatic meetings.
Notice: This Is an AI-Generated Summary
Comments (0)