Strait of Hormuz Tanker Traffic Faces Prolonged Disruption Amid Fragile Ceasefire
The Strait of Hormuz, a critical energy artery, is experiencing prolonged disruption in tanker traffic despite a temporary ceasefire between the U.S. and Iran. The ceasefire, contingent on the reopening of the strait, has not restored confidence among shipping companies, as tensions remain high with escalating attacks by Israel on Lebanon. According to S&P Global Market Intelligence, only four transits were recorded on Wednesday, with over 400 oil tankers and dozens of LNG carriers anchored outside the Gulf. The situation is compounded by Iran's conditional reopening of the strait, subject to coordination with its armed forces. 
