finance
Tanker traffic through Strait of Hormuz rises Monday but stays 90 percent below pre-war levels
Twenty-four commodity vessels transited the Strait of Hormuz on Monday. The total remained far below pre-war levels after weekend hostilities between Iran and the United States.
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Tanker traffic through the Strait of Hormuz increased on Monday for the first time since late last week. com. The daily count stayed 90 percent below the pre-war average of more than 130 vessels.
More ships entered the Persian Gulf than left it, with several supertankers among those inbound, OilPrice.com reported. Traffic had stalled over the weekend after two attacks on commercial vessels near the strait prompted operators to pause transits. U.S.
com reported. Saudi Arabia, the United Arab Emirates and Qatar continued loading oil and LNG at their Persian Gulf ports during the weekend. com reported.
The attacks on vessels and the subsequent U.S. strikes continue to test the fragile ceasefire between Iran and the United States, OilPrice.com reported.
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