Hormuz Shipping Traffic Remains Stuck in Single Digits
Tanker traffic in the Strait of Hormuz remains a fraction of pre-war levels, with four vessels traversing the waterway on Tuesday, down from seven the previous day, Reuters has reported, citing ship-tracking data. The data does not include tankers that have turned off their geolocation devices, the
Source: OilPrice.com
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DW NOTE
Iran has kept the Strait closed for six months — not as leverage, but as policy. The June reopening lasted eleven days. Oil has climbed 26% in a month because 20% of global supply flows through a channel that now sees six ships where it used to see eighty-five. The market has stopped pricing this as a crisis and started pricing it as the baseline.