Shafaq News- Hurmoz
Six oil tankers, including two Chinese vessels, oneGreek ship, and three tankers from Saudi Arabia and Iraq, transited the Straitof Hormuz on Saturday, ahead of US-Iran talks in Pakistan, according to maritime data citedby Bloomberg.
Earlier today, Data shared by S&P Global showedthat no crude oil was loaded at key ports linked to the Strait, including facilitiesin Iraq, Kuwait, the United Arab Emirates, and Saudi Arabia. Vessel trafficthrough the strategic waterway also declined markedly, falling to 12 ships onApril 9 from an average of about 135 daily crossings.
The slowdown affected an estimated 14.2 million barrels perday (bpd) of crude oil and condensates, the data showed, while Iranian crudeexports were recorded at about 1.38 million bpd over the same period.
The Strait of Hormuz, which carries roughly 20% of globaloil supply, was effectively closed after US and Israeli strikes on Iran onFebruary 28. Despite a previously granted exemption allowing Iraqi oil tankers to transit theStrait, Iraq’s oil sector saw a sharp downturn, with production falling from about 3.5 millionbpd to around 1.3 million bpd, while exports declined to roughly 800,000 bpd.
