Oil Shipping Slows Sharply as Iran Again Shuts Off Strait of Hormuz
By Florence Tan
Strait of Hormuz Closure Impacts Oil Shipping
SINGAPORE, June 22 (Reuters) - The number of ships that passed through the Strait of Hormuz fell sharply on Sunday after Iran announced it had again closed the waterway, citing Israeli and U.S. violations of the interim peace deal, shipping data showed.
Shipping Traffic Data and Vessel Movements
Five vessels passed the strait on Sunday, from 26 ships spotted a day earlier, data from analytics firm Kpler showed. These included three Very Large Crude Carriers carrying 2 million barrels of Saudi crude and fuel oil each, one of which was heading to Japan. The data may exclude vessels that switch off their transponders while travelling in the Gulf.
Impact of Iranian Blockade and Ceasefire Developments
Iran lifted its effective blockade of the strait last week after agreeing with the United States to extend an April ceasefire for 60 days to allow for peace negotiations, but Tehran's Islamic Revolutionary Guard Corps on Saturday declared the waterway shut once again in response to Israeli strikes in Lebanon. The U.S. military said commercial vessels were still operating.
Details on Recent Ship Movements
Among the ships that exited the strait on Saturday, three of them were VLCCs carrying crude from the United Arab Emirates, Kuwait and Iraq while there were also three tankers carrying various oil products, the data showed.
Entry of Ships and Oil Tender Activity
A total of 13 ships entered the strait on Saturday, including two VLCCs, the data showed.
Gulf Producers' Response to Shipping Disruptions
Gulf producers Abu Dhabi National Oil Co and Kuwait Petroleum Corp have issued tenders selling crude with the option of loading from inside and outside the Strait of Hormuz.
(Reporting by Florence Tan; Editing by Stephen Coates)
