Hormuz transit volume drops below half of 10-day average amid fading diplomatic hopes

Commercial vessel traffic transiting the critical Strait of Hormuz bottleneck dropped to six vessels earlier this week—down from a recent 10-day average of approximately 11 ships—as market expectations for a diplomatic breakthrough or peace deal between the United States and Iran continued to fade, according to tracking data from Kpler. The daily movement comprised four inbound commodity vessels (including two unladen oil product tankers) entering the Arabian Gulf and two outbound ships (a small LPG carrier and a tanker carrying residual fuels). Compared to historical pre-war baselines of 130 to 140 daily transits, vessel throughput remains severely constrained due to geopolitical volatility and security risks, while alternative maritime routes like the Bab el-Mandeb in the Red Sea held relatively steady at 25 transits.

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