Hormuz vessel traffic falls below ten-day average as three ships pass

Shipping monitors reported that just three commodity vessels passed through the Strait of Hormuz on Tuesday, marking a decline from four the previous day and falling short of the ten-day moving average of about 15 ships. The vessels, all heading out of the strait, comprised a Panamax tanker and two other cargo ships, based on data from Kpler at 0200 GMT. The ballast liquefied natural gas carrier Al Mafyar, which had not been seen since September 19, reappeared inside the strait, a movement.

The Hormuz corridor historically moves roughly one-fifth of global oil and gas supplies. In contrast, the Bab el-Mandeb Strait saw 22 commodity ships on the same day, well below its ten-day average of around 26, with 14 bound for the Red Sea and eight for the Gulf of Aden.