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Strait of Hormuz crisis Sanctions Tankers and Gas

Tanker traffic into Middle East Gulf surges after Hormuz reopens

  • Inbound tanker transits through Hormuz more than doubled in the week after the ceasefire
  • VLCCs are leading the charge, with fixtures reported at WS500-550 inside the Middle East Gulf
  • Shadow fleet operators are also seeking opportunities, while Iran may struggle to sell at market prices without discounts

  • Analysis

Tankers appear to be racing to exploit a 60-day window to move Middle East Gulf crude before the Hormuz reopening expires

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