Cosco, CMES Halt Oil Tankers in 2 Key Straits as Sept. 30 Traffic Odds Drop
Updated
Updated · Crypto Briefing · Aug 18
Cosco, CMES Halt Oil Tankers in 2 Key Straits as Sept. 30 Traffic Odds Drop
3 articles · Updated · Crypto Briefing · Aug 18
Summary
Cosco and China Merchants Energy Shipping have stopped oil tanker operations through the Strait of Hormuz and Bab al-Mandeb, a fresh sign that major carriers see the routes as too risky.
The halt follows escalating security concerns as a fragile U.S.-Iran ceasefire comes under strain, raising doubts about safe passage through two of the world's most important oil chokepoints.
Prediction-market pricing now implies only an 8.5% chance that Hormuz traffic returns to normal by Sept. 30, underscoring how sharply confidence has deteriorated.
Any new statements from Iran or the IRGC, or further attacks in the region, could quickly shift expectations for oil supply flows and broader market sentiment.