
Tanker crossings through the Strait of Hormuz rose to three Monday from two Sunday, still far below the pre-crisis average of 17 per day. Insurance rates remain elevated.
Tanker transits through the Strait of Hormuz rose slightly Monday but remained in single digits, according to vessel-tracking data, as the risk of regional escalation continues to cap crude flows through the world's most important oil chokepoint.
Three tankers passed through the strait on Monday, up from two on Sunday but still well below the pre-crisis average of roughly 17 vessels per day. The data, compiled by Vortexa and reviewed by AlphaScala, excludes military and smaller support craft. The persistently low count suggests commercial operators are still unwilling to risk the passage despite the absence of new military incidents since Friday.
Insurance premiums for Hormuz transits have not come down from the spike triggered by the initial confrontation, brokers said. War-risk rates remain elevated and several major shipping lines have not resumed normal scheduling. The result is a de facto partial blockade driven not by a formal naval closure but by the market's own risk pricing.
Crude oil futures were little changed in early European trading. Brent crude hovered near $78 a barrel, roughly where it has traded since the initial spike. The lack of further price movement reflects a market that is pricing in a prolonged disruption rather than a quick resolution, traders said.
Iranian and U.S. naval forces remain in proximity in the Gulf. No new skirmishes have been reported since the initial exchange that triggered the crisis. Diplomatic channels remain open but no breakthrough has been announced.
The strait handles about a fifth of the world's petroleum consumption. A sustained reduction in traffic would eventually force buyers to draw down inventories or seek alternative supply routes, both of which carry their own costs. For now, the market is watching for the first major cargo that successfully transits after the disruption, which would signal a return to normal operations.
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