Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets
Windward said traffic fell to 12 transits on Sunday, down from more than 21 the day before, as some tankers still moved through the strait.
- On Sunday, Vice President JD Vance arrived in Switzerland for high-level talks with Iran, even as Tehran announced it had again closed the Strait of Hormuz, a vital shipping route handling around 20% of the world's oil traffic.
- The United States and Iran signed a 14-point MOU last week to reopen the Strait toll-free for at least 60 days and end all hostilities, including in Lebanon where fighting has persisted between Israel and the Iran-backed Hezbollah.
- Maritime intelligence firm Windward reported 12 ships transited the Strait on Sunday, down from more than 21 the previous day, far below prewar levels when more than 100 vessels sailed daily.
- Officials involved in the negotiations described the sessions as "constructive but tense," while Vice President Vance said, "These things are always a little bit messy," expressing optimism about progress.
- President Donald Trump threatened further attacks against Iran ahead of the talks, warning, "Iran must immediately stop their highly paid PROXIES in Lebanon. If they don't, we'll hit Iran very hard again, just like we did last week.
43 Articles
43 Articles
Tankers Continue Through Strait of Hormuz Despite Iranian Threats
Although Iran proclaimed the Strait of Hormuz was once again closed on Saturday, tankers continued to move through the vital waterway, including Very Large Crude Carriers (VLCCs) and liquid natural gas (LNG) tankers. The post Tankers Continue Moving Through Strait of Hormuz Despite Iranian Threats appeared first on Breitbart.
Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to Israeli strikes in Lebanon. At the same time, Washington said the waterway was open. U.S.…
Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets
Oil prices have continued to whipsaw since the U.S. and Iran announced last week signed a deal to make a deal as traffic through the Strait of Hormuz is anything but straight and not expected to normalize within days. Contradictory messaging from Iran and the United States on the navigability of the chokepoint have intensified during the weekend amid a difficult start to the (delayed) talks in Switzerland. Shippers and insurers, who were already…
Why Did Strait Of Hormuz Shipping Slow Over The Weekend
Shipping activity through the Strait of Hormuz slowed sharply over the weekend after Iran announced it had once again closed the strategic waterway, according to maritime intelligence firm Windward. 🚢The report said only 12 vessels passed through the strait on Sunday, down from more than 21 the previous day. Windward noted that several inbound ships were operating with disabled tracking systems, a practice often used to conceal routes and desti…
The first signs of a breakthrough began to emerge in the Strait of Hormuz, the world's most important oil artery, after days of tension that paralyzed a large part of the shipping traffic through it...
Despite Tehran's announcement over the weekend that the Strait of Hormuz had been closed to shipping again, sea traffic through the waterway continued to flow faster on Monday than before Iran and the United States agreed to talks to end the war in the Middle East.
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