Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

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Shipping traffic through the Strait of Hormuz has dwindled to 33 vessels from Monday to Thursday this week, data showed, versus 50 in the week-ago period, as markets watched talks between Iran and Oman for signs of progress in reopening the key waterway, Reuters reports.

Four vessels transited the strait a day earlier, including a very large crude carrier, Nissos Kea, carrying about 2 million barrels of Basrah crude loaded in Iraq, Kpler data showed.

Of the rest, two were laden with liquefied petroleum gas, and one was a minor bulk carrier.

Just six crude oil tankers have exited the strait this week, Kpler data showed. A total of 21 vessels have entered it so far, mostly via the Iranian route.

Several Chinese and Indian refiners have sought vessels this week to enter the strait and load crude at Iraq’s Basrah Oil Terminal, attracted by steep discounts, shipping sources said.

However, no vessels have been fixed so far as shipowners are wary of entering the waterway, they said.

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