Hormuz shipping collapses as Iran-U.S. strikes escalate

OilPrice+2 · 5 hours ago
Hormuz shipping collapses as Iran-U.S. strikes escalate
  • Only four commodity vessels crossed the Strait of Hormuz on Tuesday, versus 10 on Monday and a 10-day average of about 13, according to preliminary Kpler data cited by Reuters.
  • Two Filipino crew members died after the Saudi tanker Sidr was attacked near Oman, prompting Riyadh to accuse Iran of targeting the vessel.
  • More than 17 million barrels of oil transited the Strait of Hormuz on Monday, about 85% of pre-war levels and the highest volume since the war began.

Quotes

Only four commodity vessels crossed Hormuz on Tuesday, compared with 10 on Monday and a 10-day average of around 13Reuters
more than 17 million barrels of oil transited the strait on Monday, a new wartime recordChris Wright
almost total control of the Hormuz StraitDonald Trump

Sources