Hormuz traffic slows to two-month low as renewed US, Iran strikes raise safety risk
Shipping companies are delaying departures and switching off trackers as renewed U.S.-Iran fighting raises insurance costs and disrupts global energy flows.
- Trade intelligence company Kpler found that on Sunday just six ships transited the Strait of Hormuz, marking the lowest level in five weeks, while oil and gas tanker traffic hit a low not seen since May 25, according to Reuters.
- Iranian attacks on commercial vessels sparked renewed fighting between Washington and Tehran, causing ship traffic to fall steeply as both nations claimed control of the vital corridor following weekend combat.
- U.S. Central Command announced Sunday it completed strikes 'hitting dozens of targets at multiple locations with precision munitions to degrade Iran's ability to continue attacking international shipping,' while the IRGC responded that 'The Strait of Hormuz is our territory,' according to The Associated Press.
- Windward analysts warned that traffic through the U.S.-protected southern corridor 'has effectively collapsed,' while Kpler noted the Omani route traffic all but vanished, driving U.S. gas prices from about $3.80 to about $3.87 per gallon.
- Daily transits have plummeted from more than 100 ships before the Feb. 28 war launch to current lows, complicated by vessels increasingly disabling trackers, while President Donald Trump announced Monday he would reimpose a naval blockade and demand ships pay 20% of cargo value for U.S. protection.
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