Strait of Hormuz ship movements stay well below recent average, data shows

Preliminary data from ship-tracker Kpler showed that five commodity vessels passed through the Strait of Hormuz on Tuesday, matching the previous day's count but considerably lower than the ten-day average of 15 ships. The transits comprised two liquefied petroleum gas tankers and one bitumen carrier heading out of the Gulf, while two empty product tankers entered from the Gulf of Oman. On Monday, four commodity vessels had used the waterway.

Movements through the Bab el-Mandeb chokepoint were roughly steady at about 30 vessels, aligning with its ten-day average. Iran announced it had resumed discussions with Oman on managing the strait, exploring a temporary joint shipping corridor and agreeing to clear mines. Nevertheless, ING Economics warned that true normalization of oil flows would likely require the United States to lift its blockade on Iranian ports and ease sanctions.