Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows
XLE•Hormuz traffic remains subdued over the weekend
Fewer than 10 commodity vessels passed through the Strait of Hormuz daily over the weekend even though the U.S. and Iran have paused strikes in the Middle East, shipping data from Kpler showed.
Seven vessels transited on Sunday including three Iranian-linked oil products tankers that exited the Strait, the data showed.
On Saturday, there were only three vessels that passed through with their transponders switched off. These include a VLCC heading to Qatar to load oil, a liquefied petroleum gas tanker going to the Ruwais port in the United Arab Emirates to load a cargo and a tanker carrying Qatari naphtha that was heading to Japan, the data showed.
On Friday, seven vessels passed, mostly exiting the Gulf, including two VLCCs carrying crude from Iraq and the UAE and a tanker carrying fuel oil.
