Strait of Hormuz shipping traffic declines as Saudi oil flows rise
after close1 source ↓written by the desknot a recommendation
- making the passage
- 12 vessels
- a week prior
- 35
Shipping traffic through the Strait of Hormuz has fallen sharply, with only 12 vessels making the passage this weekend, down from 35 a week prior. This decline indicates a tightening of movement due to Iranian restrictions. However, JP Morgan reports that Saudi oil flows remain robust despite these disruptions, suggesting potential resilience in crude oil supply chains.
Not investment advice. For informational purposes only.