Hormuz traffic slows after Iran threatens retaliation for US attacks

SEATTLE (Oil Monster): 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.

Courtesy: www.reuters.com