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Strait of Hormuz crisis VLCC Middle East and Africa

Inbound Hormuz tanker transits near parity with outbound as shipowner confidence returns

  • Inbound oil tanker transits through Hormuz close to 50% of total crossings last week
  • VLCCs are leading the recovery, with inbound now exceeding outbound at 67 to 58
  • Analysts warn the ceasefire offers only a temporary window as MEG producers race to sell discounted crude

  • Analysis

Inbound oil tanker transits through Hormuz are nearing parity with outbound as shipowners return to the Middle East Gulf following the US-Iran ceasefire, though analysts caution the window may be temporary

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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