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 publication noted. Meanwhile, Windward reported just one tanker entering the Strait of Hormuz on September 15th - an oil product carrier. Per the data cited by Reuters, two tankers entered the chokepoint on Tuesday, and two exited. None of the four were very large crude carriers or LNG carriers, Reuters noted. One carried liquefied petroleum gas, and another was loaded with naphtha. The 10-day moving average was 18, according to the publication.