Business

Hormuz traffic slows after Iran threatens retaliation

 


SINGAPORE: Shipping traffic through the Strait ​of Hormuz slowed ​at the start of this week, after Iran threatened on Monday to retaliate for any new U.S. attacks.
The number of commodity ⁠vessels sailing through the Strait of Hormuz ⁠totalled seven on Monday, compared with eight on the previous day, Kpler data showed ‌on Tuesday.
Iran had warned ​that energy ⁠infrastructure across the Gulf, including ​U.S. oil and gas ‌interests, was vulnerable.
Goldman Sachs also raised its ​Brent and West Texas Intermediate crude oil price forecasts for December 2026 and 2027, as it expects shipping disruptions in the Middle ‌East to persist into next year.
Traffic ​increased through the Bab el-Mandeb strait, ​however, another ‌major ⁠waterway for commodity vessels.
A total of 29 commodity vessels passed through ​Bab el-Mandeb on Monday, up from ⁠17 on ​the previous day, Kpler data showed.
Some vessels may be sailing through the two straits with their transponders ​off, which is not considered ​in the counts.