Updated
Updated · Bloomberg · Jun 29
Hormuz Traffic Drops After 2 Ship Attacks as Only a Handful of Vessels Transit
Updated
Updated · Bloomberg · Jun 29

Hormuz Traffic Drops After 2 Ship Attacks as Only a Handful of Vessels Transit

3 articles · Updated · Bloomberg · Jun 29

Summary

  • Commercial traffic through the Strait of Hormuz stayed reduced over the weekend, with only a handful of ships making open transits after attacks on two vessels.
  • Tracking data showed limited movement: two very large crude carriers entered the Persian Gulf empty, while a French-flagged container ship and two laden oil tankers exited.
  • The slowdown reflects fresh concern among shipowners over both the safety of the waterway and their willingness to keep sending vessels through one of the world's key oil chokepoints.

Insights

With Iran charging millions for passage, is the era of free navigation through the world's most critical chokepoints officially over?
As Iran's 'Tehran Toll' chokes off the Persian Gulf, is Russia's Arctic route becoming the world's new essential waterway?