Hormuz Tanker Traffic Slumps as U.S. and Iran Trade Threats
Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United States traded threats again. Some 13 tankers passed through the strait on Saturday, with only four making the journey on Sunday, Kpler data cited by Reu
Source: OilPrice.com
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DW NOTE
Nine tankers passed through Hormuz on August 20 versus the pre-crisis baseline of 73 per day. That's an 88% collapse in traffic. The draft reopening deal from August 5 is still waiting for the supreme leader's signature — which tells you everything about who decides when 20% of global oil supply moves again.