Hormuz vessel transits drop to two month low
Vessel transits through the Strait of Hormuz fell to their lowest level in over two months following a surge in attacks on tankers. Crude shipments dropped 27 percent from the previous week, though increased exports from alternative routes helped maintain overall Middle East supply levels.
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Vessel transits through the Strait of Hormuz fell to 7 on Tuesday morning, marking the lowest level in over two months following a surge in tanker attacks. Crude flows dropped 27% from the previous week to 10.1 million barrels a day, according to analytics firm Kpler. The disruption tests key energy supply routes during the ongoing conflict involving Iran, the United States, and Israel.
