Hormuz shipping traffic falls to single digits, data shows
XLE•Broader shipping context in Hormuz and the Red Sea
Before the Iran war started on February 28, the strait typically handled about 125 large, commercial vessels per day, including tankers, gas carriers, bulkers and container vessels, accounting for some 20% of the world’s daily crude oil and liquefied natural gas supply.
A U.S. blockade of Iran-related shipping has halted Iranian crude oil exports since it was reimposed in mid-July.
In the Red Sea, Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday and advanced down the Red Sea coast to strategic islands, military sources said.
In the Bab el-Mandeb strait on Thursday, 26 commodity vessels travelled through, tracking data showed. Of these, 10 vessels entered and 16 exited.
This compares with an average of around 27 ships over the last 10 days.



