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Commodity vessel traffic through the Strait of Hormuz falls below 10 ships a day

Commodity vessel traffic through the Strait of Hormuz fell to fewer than 10 ships a day over the weekend, compared with an average of about 14 ships a day over the past 10 days. The decline came after a vessel was attacked in the strait and a meeting between Gulf countries and Iran to discuss the shipping route was postponed.

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Commodity vessel traffic through the Strait of Hormuz falls below 10 ships a day

Commodity vessel traffic through the Strait of Hormuz fell to fewer than 10 ships a day over the weekend, while average traffic stood at about 14 ships a day over the past 10 days.

Two oil and gas tankers among departing vessels

Only 4 ships left the Gulf through the strait over the weekend, compared with 10 ships entering. The departing vessels included a tanker carrying crude oil and another carrying liquefied petroleum gas.

The decline in traffic came after the United Kingdom Maritime Trade Operations reported that a vessel had been attacked by an unidentified projectile while transiting the Strait of Hormuz.

Omani Foreign Minister Badr Al Busaidi said on Sunday that a meeting scheduled for Monday in Oman between the Gulf countries and Iran to discuss the Strait of Hormuz had been postponed.

Traffic far below pre-war levels

Before the war with Iran broke out on February 28, about 125 large commercial vessels crossed the strait daily, including oil and gas tankers, bulk carriers and container ships.

Flows of crude oil and liquefied natural gas through the strait accounted for about 20% of global daily supplies, while the US blockade of shipping linked to Iran halted Iranian crude oil exports after it was reimposed in mid-July.

Vessel traffic through Bab el-Mandeb

In the Bab el-Mandeb Strait, tracking data showed that 24 cargo ships passed through on Saturday and 27 on Sunday, compared with an average of about 27 ships over the past 10 days.

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