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Oil tanker traffic picks up through Hormuz

Tanker activity in the Strait of Hormuz is rising as U.S.-Iran negotiations progress. This surge in traffic is linked to easing sanctions and an increase in Iranian oil exports. Benchmark oil prices have dropped as a result.

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What changed

Traffic is rebounding with more tankers broadcasting crossings and stranded vessels beginning to move.

Live updates

  1. Oil Tanker Traffic Increases Through Strait of Hormuz

    Tanker activity in the Strait of Hormuz is rising as U.S.-Iran negotiations progress. This surge in traffic is linked to easing sanctions and an increase in Iranian oil exports. Benchmark oil prices have dropped as a result.

    What's confirmed:

    • Oil tanker traffic through the Strait of Hormuz is increasing.
    • Benchmark oil prices have dropped following the increase in tanker traffic and Iranian exports.
    • The rise in traffic coincides with U.S.-Iran negotiations.

    Still unconfirmed:

    • Iran shipped 30 million barrels of oil in the week before a US waiver.
    • Two crude tankers carrying nearly 2 million barrels of oil sailed through the Strait of Hormuz on Monday.
    • A potential US-Iran deal may be reached within 60 days.
    • Mines remain in the central channel of the Strait of Hormuz.
    • A flotilla of Iranian tankers is headed to Asia.
    • Stranded supertankers and Qatar-linked LNG vessels are moving after weeks of disruption.
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