Strait of Hormuz commodity vessel traffic falls to single digits per day

  • Commodity vessels through the Strait of Hormuz fell to single-digit daily levels over the weekend.
  • Four vessels exited and 10 entered the Gulf during the weekend period.
  • The strait previously handled about 125 large commercial vessels daily before February 28.

Commodity vessel traffic through the Strait of Hormuz fell to single-digit daily levels over the weekend, below a 10-day average of 14, according to preliminary shiptracking data reported Monday, Sept. 14. Four vessels exited the Gulf, including ships carrying LPG, fertilizer and crude or condensate, while 10 entered with cargoes including grain, metals and other bulk commodities. The count excludes vessels that may have crossed with Automatic Identification System (AIS) transponders switched off. The United Kingdom Maritime Trade Operations said a vessel was hit by an unknown projectile while transiting the strait, with the crew’s condition, damage and environmental impact still unknown. A drone attack from Iraq also temporarily shut Saudi Arabia’s East-West oil pipeline, which had helped ease congestion at the strait. Before the Iran war began on February 28, the waterway handled about 125 large commercial vessels daily and carried roughly 20% of global daily crude oil and liquefied natural gas supply. A U.S. blockade of Iran-related shipping has halted Iranian crude exports since being reimposed in mid-July. Traffic through the Bab el-Mandeb strait reached 24 commodity vessels on Saturday and 27 on Sunday, against a 10-day average of about 27.

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