Shipping data shows a 45% decline in commodity vessel transits through the Strait of Hormuz amid fading U.S.-Iran deal hopes.
Traffic through the Strait of Hormuz fell to just six commodity vessels on Monday, down from an average of 11 ships over the past 10 days. The decline coincides with waning optimism over U.S.-Iran negotiations, raising concerns about potential disruptions in global oil flows.
Data from Kpler, cited by shipping analysts, showed four vessels entering the Persian Gulf and two exiting. Bloomberg data corroborated the trend, highlighting reduced activity in one of the world’s most critical chokepoints for crude oil and liquefied natural gas.
The Strait handles roughly one-fifth of global oil supplies, and any prolonged reduction in traffic could tighten market conditions. No immediate price reaction was reported, but traders are monitoring developments closely.