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Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety

Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety
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Transportation Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade. No tankers were seen moving outbound from the Persian Gulf on Friday morning, though one very large crude carrier re-appeared off the Omani capital Muscat, suggesting it had crossed the strait. An Iran-linked liquefied petroleum gas...

Transportation Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade. No tankers were seen moving outbound from the Persian Gulf on Friday morning, though one very large crude carrier re-appeared off the Omani capital Muscat, suggesting it had crossed the strait. An Iran-linked liquefied petroleum gas carrier and a Norwegian-flagged products tanker made inward transits.
Hormuz Traffic Thins (PERSON) Side of Safety Transportation Hormuz Traffic Thins (ORG) Side of Safety Traffic (ORG) the Strait of Hormuz (LOCATION) US (LOCATION) Iran (LOCATION) the Persian Gulf (LOCATION) Omani (ORG) Muscat (LOCATION) Norwegian (ORG)
Originally published by Bloomberg Markets Read original →