Commodities● Neutral
Strait of Hormuz shipping drops to four vessels as Houthis threaten Saudi blockade
Only four commodity vessels crossed the Strait of Hormuz Monday as Houthi threats against Saudi-linked ships and US-Iran clashes escalate, Kpler data shows. No VLCCs or LNG tankers were visible.
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Commercial traffic through the Strait of Hormuz slowed to four commodity vessels on Monday, down from seven the previous day, Kpler shipping data showed. Two tankers exited the strait and two entered. One outbound ship carried petrochemicals; the other sailed empty. The inbound vessels included a bitumen tanker and an oil tanker.
No very large crude carriers (VLCCs) or liquefied natural gas (LNG) tankers were visible in the transit data, the report said. The drop followed Yemen's Iran-aligned Houthi rebels announcing a naval blockade on Saudi Arabia on Monday, threatening to hit vessels linked to Saudi ports. The move expands security risks beyond the strait to the Red Sea.