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Hormuz Traffic Plummets to Four Ship Crossings Amid Ongoing Regional Tensions

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Oil Natural Gas
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The Strait of Hormuz, a critical waterway for global oil and liquefied natural gas supply, experienced a significant drop in traffic on Tuesday. Preliminary shipping data showed only four vessel crossings, down from seven a day earlier.

This is well below the 10-day average of 18 transits through the waterway, which had handled one-fifth of the world's oil and liquefied natural gas supply before the Iran conflict escalated.

Two ships were exiting the strait on Tuesday, while two others were entering. No very large crude carriers or liquefied natural gas tankers were involved in these crossings.

Some vessels may be navigating through the waterway with their transponders turned off, which would not be counted in the data.

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