Tankers Flee Strait of Hormuz

Following U.S. strikes on Iran, tanker traffic through the Strait of Hormuz has dropped sharply.

Two VLCCs—Coswisdom Lake and South Loyalty—made U-turns near the strait, reflecting rising tensions. Tanker entries and exits fell by 32% and 27%, respectively.

Iran’s parliament approved a resolution allowing potential closure of the strait, a key oil route handling 20% of global supply. Though not enforced yet, the threat has rattled markets—Brent crude surged over 9%.

Ship movements show zig-zagging, detours, and delays. Some resumed transit, but GPS jamming and electronic interference persist.

Despite the strait remaining open, risk to global energy and shipping remains high.

Source: Reuters