Hormuz transits fall
Ship transits through the Strait of Hormuz has reached a new low, falling to 9 on Thursday compared with 14 on the previous day, according to ship tracking data. Of the 9 vessels tracked just 8 managed to exit the waterway, though some might have sailed through unnoticed with their AIS transporter turned off.
Oil prices fall as fresh U.S.-Iran talks raise supply hopes
Oil prices have plunged on Monday as fresh U.S.-Iran talks raise hopes for a reinstatement of Middle Eastern oil and LNG deliveries. The November Brent contract was seen trading as low as $99.07 barrel at the time of writing, pulling down oil-indexed term LNG prices.
LNG transits through Hormuz slow after tanker attacks
Transits of crude oil and LNG tankers through the Strait of Hormuz have slowed sharply over the weekend as shipowners and operators reacted to latest attacks on tankers and stalled U.S.-Iran talks.
