Updated
Updated · Bloomberg · Aug 6
Hormuz Traffic Stays at Trickle as 6 Vessels Crossed Monday Amid Iranian Threats
Updated
Updated · Bloomberg · Aug 6

Hormuz Traffic Stays at Trickle as 6 Vessels Crossed Monday Amid Iranian Threats

3 articles · Updated · Bloomberg · Aug 6

Summary

  • Shipping through the Strait of Hormuz remained severely subdued on Tuesday, with observable traffic still at a trickle after attacks on vessels and Iranian threats raised safety fears.
  • Six smaller vessels crossed both directions on Monday with transponders on near Iran, according to Kpler data, including bulk carriers and liquefied petroleum gas tankers.
  • One empty crude tanker — the US-sanctioned Aframax Tiyara — entered the Persian Gulf without broadcasting its signal after idling off Oman’s coast since early July.
  • The sparse movements underscore how security risks are deterring shipowners and crews from using one of the world’s most critical oil and gas chokepoints.

Insights

As massive oil tankers go dark to evade attacks, can the world economy survive a silent blockade of its vital energy chokepoint?
With dozens of cargo ships trapped and insurance skyrocketing, will the Strait of Hormuz become the graveyard of global trade?