19 Tankers Traverse Hormuz Since March 1 as 100 More Remain Stranded
Updated
Updated · OilPrice.com · May 25
19 Tankers Traverse Hormuz Since March 1 as 100 More Remain Stranded
10 articles · Updated · OilPrice.com · May 25
Three more vessels — two LNG carriers and one supertanker — cleared the Strait of Hormuz in recent days, with Qatari gas headed to Pakistan and China and Iraqi Basrah crude bound for China.
LSEG, Kpler and Bloomberg shipping data show the ships used an Iran-designated route; one crude tanker had been stuck in Hormuz since late February, underscoring a partial reopening rather than a full normalization.
At least 19 non-Iran Gulf tankers carrying crude or LPG have traversed the chokepoint since March 1, but about 100 vessels still remain immobilized west of the strait.
Recent departures build on last week's exits by two supertankers and earlier May LNG sailings to India, while some operators — including ADNOC's fleet, according to Bloomberg — have moved cargo in dark mode with transponders switched off.
Could Iran's new transit fees in the Strait of Hormuz become a permanent new cost for global trade?
Is the market's rally a sign of lasting peace or a dangerous misread of geopolitical realities?
How will China's helplessness during the blockade reshape its strategy for securing future energy supplies?