Shipping
Tanker Crossings at Hormuz Strait Hit Lowest Point Since May
Only one tanker crossed the Strait of Hormuz on July 23, the lowest level since May 7, amid escalating Middle East shipping risks and oil prices surging to $100 per barrel. According to Kpler data, the decline contrasts with activity at Bab el-Mandeb strait, where 32 commodity tanker crossings occurred the same day. Meanwhile, Saudi Aramco has begun offering alternative crude loading at Egypt's Sidi Kerir port as shipping routes face ongoing disruptions.
