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Data: Shipping Traffic Through the Strait of Hormuz Remains Below 10-Day Average

Data: Shipping Traffic Through the Strait of Hormuz Remains Below 10-Day Average

Initial shipping data on Wednesday showed that three vessels carrying crude oil crossed the Strait of Hormuz on Tuesday, a decrease from four vessels the previous day and below the 10-day moving average of approximately 15 vessels.

These numbers may change, as some vessels typically turn off their transmitters while sailing.

Data from ship tracking company Kpler at 02:00 GMT showed that the three vessels, including a Panamax tanker, were leaving the strait.

Kpler data and the London Stock Exchange Group indicated that the liquefied natural gas carrier (LNG) Al-Afifi reappeared in the strait on Tuesday, after last being seen outside the waterway on September 19.

Before the conflict between the United States and Iran began, the Strait of Hormuz was transporting one-fifth of the world's oil and gas supplies.

US President Donald Trump warned on Tuesday that he might destroy Iran if an agreement to end the war could not be reached, but also indicated that an agreement might be reached soon amid diplomatic moves at the United Nations.

Meanwhile, 22 vessels carrying crude oil crossed the Bab al-Mandeb Strait on Tuesday, another maritime chokepoint at the southwestern tip of Yemen and a vital trade route for oil transport between the Red Sea and the Gulf of Aden.

The data showed that 14 vessels were heading towards the Red Sea and eight towards the Gulf of Aden. These vessels included five Panamax tankers, six Suezmax tankers, four Aframax tankers, one Suezmax tanker, and one very large crude carrier (VLCC).

This number compares to an average of about 26 vessels that sailed through the strait over the past ten days.

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