Strait of Hormuz tanker traffic drops as US-Iran ceasefire collapses

Following the breakdown of the US-Iran ceasefire framework announced on June 17, tanker traffic through the Strait of Hormuz has sharply declined. On Thursday, only 14 vessels made the crossing, a significant drop from 35 the previous day, as reported by Veson Nautical. MarineTraffic's real-time data indicated that vessel movements were largely halted on Friday. Since the ceasefire was declared, approximately 513 vessels have navigated the strait, a notable increase but only one-fifth of the usual 2,500 transits. Kpler data revealed that 759 commodity-related vessels transited during this timeframe, with daily movements decreasing from 37 on Tuesday to 15 on Thursday. An analyst warned that renewed conflicts could jeopardize the reliability of future ceasefires, affecting global energy markets, inflation, and risk premiums.