HomeAmericaBab el-Mandeb shipping rises amid hopes of resolution in US-Iran war

Bab el-Mandeb shipping rises amid hopes of resolution in US-Iran war

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By Mohi Narayan

NEW DELHI, ‌July 28 (Reuters) - The number of vessels passing through Bab ​el-Mandeb rose to 28 on Monday, a four-day high, while traffic through the Strait of Hormuz ⁠remained low, according to Kpler shipping data, amid optimism about a potential resolution to the U.S.-Iran conflict.

Traffic was still below the month's peak of 46 ​vessels recorded on July 14, the data showed.

U.S. President Donald Trump said on Monday that ‌Washington's negotiations with Iran were progressing and could lead to a resolution, but warned that military action could restart if the talks collapsed. Iran issued similar comments ⁠about retaliation.

Out of 12 vessels that entered the Red Sea ⁠on Monday, four were oil tankers, based on the data at 0512 GMT on Tuesday. One was a very large crude carrier (VLCC), two were Suezmax tankers and the fourth was an Aframax tanker.

A VLCC can carry about 2 million ‌barrels of oil, while a Suezmax typically carries half that volume. An Aframax ⁠tanker can transport about 700,000 barrels of oil.

The ‌16 vessels that exited the Red Sea on Monday ​included 10 oil tankers. There were four Suezmax tankers, three Aframax tankers, two medium range tankers and one VLCC, the data showed.

Hong Kong-flagged VLCC New ‌Pearl carrying 2 million barrels of Saudi crude ​exited the Red Sea for eastern ⁠China's Zhoushan port, the fourth Chinese supertanker to leave since ‌the Houthis declared a naval blockade.

STRAIT OF ⁠HORMUZ

Traffic via the Strait of Hormuz stayed low with six commodity-carrying vessels transiting the waterway on Monday, including one Iranian-linked Suezmax tanker and a VLCC which ​entered with its transponder off, ‌the data showed. Of those vessels, four entered the strait and two exited ⁠it.

Seven vessels transited the strait on ​Sunday, including three Iranian-linked oil products tankers that exited the strait.

(Reporting by ​Mohi Narayan; Editing by Michael Perry)

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