Skip to content
Back to Guavy Wire
Commodities

Hormuz Anchorage: Hundreds of Ships Cluster in Middle East Gulf

Instruments
Oil Natural Gas
Share

Hundreds of ships have anchored in the Middle East Gulf, primarily off the coasts of major oil producers such as Saudi Arabia and Iraq. According to Reuters estimates based on ship-tracking data from MarineTraffic, many vessels were stationary within exclusive economic zones (EEZ) of key Gulf countries like Kuwait and the United Arab Emirates.

Exclusive economic zones extend up to 24 miles beyond local territorial limits of 12 nautical miles. Some 20% of global oil passes through Hormuz, including from producers Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, and Iran, along with large volumes of liquefied natural gas (LNG) from Qatar.

The Strait of Hormuz is a critical waterway for international trade. Several tanker owners, oil majors, and trading houses suspended crude oil, fuel, and LNG shipments via the strait after recent attacks. However, no formal suspension has been communicated internationally by recognized maritime authorities.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc