Shipping traffic via Strait of Hormuz stays lower than 10-day average

Shipping traffic through the Strait of Hormuz remained below the 10-day average in recent days, according to preliminary data. On Wednesday, ten commodity vessels passed through the strait, up from seven the day prior, but still lower than the 10-day moving average of approximately 17 vessels. Nine of these vessels were Supramax ships carrying metals, grain, and other dry bulk cargoes, while an empty very large gas carrier also transited. A single Supramax carrying fertilizer exited the strait.

Before the US-Israeli war on Iran began on February 28, the Strait of Hormuz typically accommodated around 125 large commercial vessels daily, representing about 20% of the global daily crude oil and liquefied natural gas supply. Iran and the US remain divided on ending the conflict, but a senior Iranian official stated that Tehran is reviewing Washington's response to its peace proposals, which focus on lifting the US naval blockade on Iranian ports and reopening the Strait of Hormuz.

The official spoke on condition of anonymity and said that Tehran is assessing Washington's reaction to its peace proposals. Meanwhile, in the Bab el-Mandeb Strait, 27 commodity vessels passed through on Wednesday, up from 24 the previous day, compared to an average of 26 vessels using the strait in the past 10 days.