Hormuz transits drop to seven as Red Sea loads rise
Ship transits through the Strait of Hormuz fell to seven on Wednesday according to tracking data. Meanwhile Saudi Arabian crude loadings at the Red Sea port of Yanbu rebounded this month after hitting a six month low in August.
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Vessel transits via the Strait of Hormuz fell to seven on Wednesday from 12 the previous day, according to preliminary ship-tracking data. The figure sits well below the 10-day average of 14 transits as regional shipping faces continued disruption. Energy markets monitor the corridor closely given its critical role in global crude flows.
