From The Economic Times · Reuters · · 1m
Shipping traffic via Strait of Hormuz dips below 10-day average
Strait of Hormuz shipping traffic falls below 10-day average as US-Iran tensions rise
In brief
Strait of Hormuz shipping traffic falls below 10-day average as US-Iran tensions rise Oil shipping through Strait of Hormuz dropped to three vessels below 10-day average amid US-Iran tensions Originally reported by The Economic Times.
Strait traffic drops
Three commodity vessels transited the Strait of Hormuz on Tuesday, down from four a day earlier and below the 10-day moving average of about 15.
One LNG tanker reappears
The Al Mafyar, a ballast liquefied natural gas tanker, reappeared inside the strait on Tuesday after being last seen outside on September 19.
US-Iran tensions escalate
US President Donald Trump suggested he could annihilate Iran without a deal but also hinted at a potential agreement amid UN diplomatic efforts.
Bab el-Mandeb strait activity
Twenty-two commodity vessels transited the Bab el-Mandeb Strait on Tuesday, with 14 heading toward the Red Sea and 8 toward the Gulf of Aden.
Strait of Hormuz significance
The Strait of Hormuz carries a fifth of the world's oil and gas before the US-Iran conflict.
The short version
Oil shipping through Strait of Hormuz dropped to three vessels below 10-day average amid US-Iran tensions
