Shipping
Hormuz Traffic Slowly Picking Up as Oil and LNG Tankers Resume Transits
Oil and liquefied natural gas tankers resumed transits through the Strait of Hormuz on Monday following Iran's temporary reopening after a 60-day ceasefire agreement with the United States. Four Qatari LNG tankers and two supertankers carrying up to 4 million barrels of crude oil crossed the strait, while daily transits remain below the 125 crossings prior to hostilities. Ship broker Clarksons noted the trend is positive despite ongoing volatility.
