Fewer oil tankers passed through the Strait of Hormuz on Thursday than before the ceasefire agreement took effect, according to a report from Morgan Stanley. The bank’s data shows no tanker movements through the strategic waterway on that day, a sharp decline from previous weeks. The observation comes as regional tensions had raised concerns over the security of one of the world’s most important shipping routes.
The ceasefire agreement between Iran and regional powers was implemented last month, aiming to reduce military confrontations in the area. Since then, shipping data indicates a notable reduction in tanker traffic through the strait. Morgan Stanley analysts attribute this partly to heightened security measures and partly to cautious navigation by shipping companies.
The Strait of Hormuz handles about one-fifth of the world’s oil supply, making it a critical chokepoint for global energy markets. Any disruption could lead to significant price volatility. The absence of tankers on Thursday suggests a cautious approach by operators, even as the ceasefire holds.
Shipping industry sources say companies are still assessing the situation before resuming normal operations. The decline in traffic may reflect temporary adjustments rather than a permanent shift. Morgan Stanley’s findings highlight the sensitivity of maritime trade to regional stability.
Source: e24.no