Strait Of Hormuz Tanker Traffic Falls To Lowest Level In Over Two Months
The number of tankers crossing the Strait of Hormuz fell to just one on July 23, the lowest daily level since May 7, according to shiptracking data, as security risks in the Middle East continued to affect commercial shipping and oil prices climbed back to $100 a barrel.
Only one tanker crossed the strategic waterway on July 23, down from three a day earlier, according to analytics firm Kpler. No ships entered the Strait of Hormuz that day.
The only tanker to transit the strait was the very large crude carrier (VLCC) New Giant, carrying 2 million barrels of Iraqi Basrah crude. The vessel exited the strait on July 23 and is expected to arrive at…