Vessel transits through the Strait of Hormuz dropped to 33 this week from 50 last week amid stalled US-Iran negotiations.
Vessel traffic through the Strait of Hormuz declined 34% week-over-week, with 33 ships transiting between Monday and Thursday compared to 50 in the same period last week. The drop follows uncertainty over US-Iran talks and the potential reopening of the critical oil and LNG chokepoint.
Last Thursday, only four vessels passed through the strait, down from a typical daily average of 15-20. Analysts had expected a draft proposal from Iran and Oman to ease restrictions, but no agreement materialized. The strait handles about 20% of global oil supplies.
Markets have not yet reacted significantly, but traders are monitoring developments closely given the strait’s role in energy transit.