Here’s the latest tanker traffic in Strait of Hormuz
CNBC • • nation
Key Points:
- Oil tanker traffic through the Strait of Hormuz was nearly halted Thursday, with only two vessels observed transiting the route amid heightened U.S.-Iran tensions.
- The U.S. Navy's blockade of Iran's ports, initiated Monday, has forced 14 vessels to reverse course, while Iran has threatened to close key maritime routes in retaliation.
- Earlier this week, two very large crude carriers crossed into the Persian Gulf, but overall tanker traffic has significantly declined during the conflict.
- The disruption in tanker movement through the strait has caused the largest oil supply disruption in history, affecting about 20% of global oil supplies that typically pass through this route.
