Iranian activity drives increase in Strait of Hormuz traffic
- Transits are up 26% week on week, but are 91% below normal levels
- Omani-linked tankers, a French containership and a shipment of Iraqi crude have made it out of the Middle East Gulf
- Traffic system not without issue as two vessels abandon attempts to transit over two days
There is evidence the fleet sailing the chokepoint is diversifying, but non-Iranian linked trade only accounted for a fifth of last week’s traffic
