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Strait of Hormuz shipping traffic is effectively at a standstill despite Iran ceasefire
Traffic through the Strait of Hormuz was at a virtual standstill Thursday, with only a handful of ships passing through the vital waterway since the announcement of the U.S.-Iran ceasefire.
Just five bulk carriers had transited the waterway in the first 24 hours of the deal, according to data from the ship-tracking website MarineTraffic and Kpler, a data and analytics firm, while S&P Global Market Intelligence said nine vessels had passed through across Wednesday and Thursday.
But the exact numbers are unclear, as some ships turn off or spoof their GPS trackers during transit. Yet the current traffic is a trickle compared with the prewar average of more than 100 vessels sailing through the strait daily. It is also far from the “total reopening” that President Donald Trump had demanded as a condition for the truce.
Hormuz Strait oil traffic way down after ceasefire; Hassett says even one tanker is big deal
President Donald Trump's top economic advisor Kevin Hassett said Thursday that getting even one oil tanker through the Strait of Hormuz would provide a "huge chunk of what's missing" amid a global supply crunch caused by the U.S.-Israel war in Iran.
Hassett, director of White House's National Economic Council, made the claim as traffic through the key shipping route remains tightly throttled, despite the U.S. and Iran reaching a fragile ceasefire that ostensibly involves reopening the strait.
More than 100 commercial vessels, mostly oil tankers, were passing through the strait each day before the war started on Feb. 28, according to data from Kpler.
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