Hormuz transits at lowest in over two months after attacks

World

Hormuz transits at least expensive in over 2 months after attacks

Hormuz transits fall to most affordable in over 2 months after tanker attacks, with unrefined crossings down 27% as Gulf of Oman and Red Sea exports increase to balance out Middle East supply interruptions

File photo: Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 6, 2026. (Reuters)

Submit image: Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 6, 2026.( Reuters )

SINGAPORE: The variety of vessels transiting the Strait of Hormuz was up to the most affordable in more than 2 months after attacks on tankers in the crucial waterway reached their greatest recently considering that the start of the US-Israeli war with Iran, delivering information revealed.

7 product vessels travelled through the strait on Tuesday, for the most affordable figure given that July 23, information from analytics firm Kpler revealed.

“Crude crossing the strait fell 27% from a wartime high the week before, to at least 10.1 million barrels a day,” Kpler experts Emmanuel Belostrino and Yui Torikata composed in a note on October 6.

“That is back to its September average, but 74% of its pre-war level.”

The majority of the fall remained in ship-to-ship (STS) transfers in the Gulf of Oman, where freights move in between tankers, they included.

Exports from the Gulf of Oman coast and the Red Sea increased to 6.7 million bpd, more than two times pre-war levels, experts stated, making up for lost supply from Hormuz.

This assisted keep total exports of Middle East crude at the pre-war level, they stated.

The variety of vessels transiting the strait edged approximately 10 on Wednesday, however was well except the day-to-day tally of more than 20 on Sunday and Monday, the information revealed.

More vessels got in the strait than left in the previous 2 days.

The figures omit vessels crossing with their Automatic Identification System transponders switched off to prevent detection.

LSEG information of all vessels crossing the strait revealed 8 on Tuesday, uniformly divided in between entries and exits, below the previous day’s 14.

These consisted of 5 oil tankers and the melted gas tanker Al Mafyar which packed at Ras Laffan in Qatar and was set to head for Port Qasim in Pakistan, LSEG included.

Attacks on tankers cruising through Hormuz struck their greatest recently of any week given that the Iran war started, maritime security sources tracking events stated, as Gulf manufacturers made a larger export push.

In the current event, projectiles struck a tanker 51 nautical miles north of Qatar’s Madinat ash Shamal, with casualties reported, the United Kingdom Maritime Trade Operations firm stated on Wednesday.

Before the February 28 start of the Iran war, about 125 big industrial vessels went through the strait each day, making up tankers, gas providers, bulkers and container vessels.

Their freights represented a fifth of international materials of petroleum and melted gas.


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