Gulf Shipping Traffic Via Hormuz Keeps Below 10-day Average, Data Shows
Four commodity vessels transited the Strait of Hormuz on Thursday, down from nine a day earlier and below the 10-day average of about 15, according to Kpler data. The figure excludes vessels with transponders turned off. Oil prices were heading for their steepest weekly gain since mid-July due to rising tension and renewed U.S.-Iran hostilities.
Why it matters: This reflects the theme of energy security and supply risks, as reduced shipping through a key chokepoint underscores the impact of geopolitical tensions on global oil flows.