Shipping analysts are less upbeat than US Treasury Secretary Scott Bessent on the volume of tanker traffic currently transiting the Strait of Hormuz.
“Even though things are still a little dicey there over the past few days, we saw quite a few ships coming out even now,” Bessent told CNBC on Tuesday. He also said a deal between the US and Iran to restore the flow of ships in the strait could be reached “today or tomorrow.”
Shipping analysts say that only a handful of ships are transiting the strait daily, usually fewer than 10.
“Hormuz recorded nine confirmed transits, including two sanctioned and two shadow fleet vessels,” on Sunday, according to analyst Amena Bakr at maritime intelligence group Kpler.
Seven crossings used the Iranian route, she said. Kpler data showed that only two of the nine transits were by tankers.
However, some vessels are transiting with transponders turned off, complicating analysis.
“Commercial movements through the Omani traffic lane are limited but continue, with estimated crude flows remaining at approximately 3–5 million barrels per day, indicating that the waterway has not yet transitioned into a fully enforced exclusion regime,” marine analysts Marisks said Monday.
Before the conflict, an average 20 million barrels a day left the Persian Gulf through Hormuz, accounting for about 20% of global supply.
“Even if the Strait of Hormuz reopened today, replenishing depleted inventories could take up to 18 months at an average rate of 2.1 million barrels a day,” said Saudi Aramco CEO Amin Nasser Tuesday.
He estimated global markets were losing more than 100 million barrels a week due to constricted traffic through the strait.
-CNN
“Even though things are still a little dicey there over the past few days, we saw quite a few ships coming out even now,” Bessent told CNBC on Tuesday. He also said a deal between the US and Iran to restore the flow of ships in the strait could be reached “today or tomorrow.”
Shipping analysts say that only a handful of ships are transiting the strait daily, usually fewer than 10.
“Hormuz recorded nine confirmed transits, including two sanctioned and two shadow fleet vessels,” on Sunday, according to analyst Amena Bakr at maritime intelligence group Kpler.
Seven crossings used the Iranian route, she said. Kpler data showed that only two of the nine transits were by tankers.
However, some vessels are transiting with transponders turned off, complicating analysis.
“Commercial movements through the Omani traffic lane are limited but continue, with estimated crude flows remaining at approximately 3–5 million barrels per day, indicating that the waterway has not yet transitioned into a fully enforced exclusion regime,” marine analysts Marisks said Monday.
Before the conflict, an average 20 million barrels a day left the Persian Gulf through Hormuz, accounting for about 20% of global supply.
“Even if the Strait of Hormuz reopened today, replenishing depleted inventories could take up to 18 months at an average rate of 2.1 million barrels a day,” said Saudi Aramco CEO Amin Nasser Tuesday.
He estimated global markets were losing more than 100 million barrels a week due to constricted traffic through the strait.
-CNN
