Iran Keeps Strait of Hormuz Effectively Shut, Limiting Transit to 1-3 Vessels
Updated
Updated · investinglive.com · Jul 27
Iran Keeps Strait of Hormuz Effectively Shut, Limiting Transit to 1-3 Vessels
3 articles · Updated · investinglive.com · Jul 27
Summary
Only 1-3 vessels have transited the Strait of Hormuz in recent days, leaving the waterway in de facto closure despite renewed market hopes for a ceasefire deal.
LNG tankers have not crossed since July 16, and the few oil tankers moving through were reportedly Iranian-linked or domestic product carriers, underscoring how little normal traffic has resumed.
Bab el-Mandeb traffic also stayed depressed, with just 11 commodity vessels reported on July 26 versus a typical 60-80 a day, adding to pressure on regional energy shipping.
US-Iran nuclear talks remain stalled, with both sides still far apart on enrichment, stockpiles and Iran's nuclear needs after weeks of delays and a prior ceasefire breakdown.
Markets opened with oil lower and equities higher on ceasefire optimism, but the shipping freeze suggests the physical energy disruption still conflicts with that relief trade.