Strait of Hormuz commodity vessel traffic remains below 10-day average
Preliminary Kpler tracking data showed five commodity vessels crossed the Strait of Hormuz on Tuesday, compared with a 10-day average of 15. Bab el-Mandeb cargo traffic remained broadly stable and close to its recent average.
Initial Kpler figures recorded five commodity vessel crossings, little changed from the previous day but well below the 10-day average of 15. Four commodity vessels were tracked through the waterway on Monday.
As of 0408 GMT, two tankers carrying liquefied gas and one vessel transporting bitumen had departed the Gulf through the strait. At the same time, two empty product tankers entered from the Gulf of Oman.
The figures may not provide a complete picture of maritime activity because some vessels switch off their transponders during voyages, limiting their visibility to ship-tracking services.
Traffic through Bab el-Mandeb, another major maritime chokepoint, was comparatively stable. Kpler recorded 31 cargo vessel transits, up from 29 the previous day and broadly in line with the 10-day average.
The latest traffic data came as Iran said it had resumed discussions with Oman over the management of the Strait of Hormuz amid increased economic pressure from US President Donald Trump. The two countries said on Tuesday that they had examined the establishment of temporary joint shipping corridors and agreed to remove any mines from the waterway.
However, ING Economics cautioned that an agreement between Iran and Oman would not by itself signal a return to normal oil flows through the strait. The bank said a broader normalisation would likely require the United States to ease sanctions on Iran and lift its blockade of Iranian ports.
The Strait of Hormuz data remained preliminary, with reported vessel totals subject to the limitations of transponder-based tracking. The figures nevertheless indicated that commodity shipping activity through the Gulf chokepoint continued to run below its recent average, while cargo movements through Bab el-Mandeb showed little day-to-day change.