Svmuu News: As the 60-day ceasefire agreement between the United States and Iran hangs in the balance, oil tanker traffic through the Strait of Hormuz has “virtually ground to a halt.” Jorge León, head of geopolitical analysis at research firm Rystad, wrote in a report on Wednesday: “ So far today, traffic appears to have come to a complete standstill.” He added that this state of “virtually no traffic” “reflects current risk expectations more accurately than any statements issued by Washington or Tehran.” According to Kpler data, only four oil tankers have transited the strait so far today.
Naveen Das, a senior oil analyst at Kpler, said that since the U.S. and Iran reached a 60-day ceasefire agreement on June 17, the average daily number of oil tankers passing through has been about 32. This figure is nearly three times the average daily traffic between the outbreak of the conflict (in February) and the June 17 agreement, though it remains far below pre-war levels. (CNN)