HomeWorldAmericaShipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic through Strait of Hormuz rises slightly, data shows

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SINGAPORE, Aug 27 (Reuters) - ‌Shipping traffic at the Strait of Hormuz ​rose slightly even as a geopolitical standoff persisted between the United States ⁠and Iran, while the market also monitored Iran-Oman talks about the waterway, data showed on Thursday.

Visible commodity vessel transits ​at Hormuz totalled 10 on Wednesday, up slightly from eight on ‌Tuesday, data from Kpler showed. This remained below a 10-day moving average of about 15 vessels.

Two medium-range fuel tankers, a liquefied ⁠petroleum gas carrier, a Panamax-sized tanker, and three ⁠handymax-sized tankers entered the strait from the Gulf of Oman.

A medium-range fuel tanker, a bitumen tanker and a bulk carrier exited the waterway from the Gulf.

Iran and Oman are ‌still working on the details of an agreement on ⁠the Strait of Hormuz, a senior Iranian ‌source said on Wednesday, after Iran's ​Revolutionary Guards said the two countries had agreed how to share the waterway and its revenue.

Meanwhile, traffic slowed for ‌a second day at the other key ​waterway of the Bab ⁠el-Mandeb strait.

A total of 19 commodity vessels passed ‌through Bab el-Mandeb on Wednesday, ⁠with six tankers that exited, including a very large crude carrier, down from 24 on the previous day, the Kpler ​data showed.

Some vessels may ‌be sailing at the key waterways with their transponders turned ⁠off and may be missed ​in the counts.

(Reporting by Jeslyn Lerh; Editing by ​Jacqueline Wong and Christian Schmollinger)

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