Market Snapshot

Strait of Hormuz Traffic Normal by July 31: Current pricing at 28.5% YES, down from 31% 24 hours ago. Strait of Hormuz Traffic Normal by June 15: Current pricing at 1.4% YES, slightly up from 1% 24 hours ago.

Key Takeaways

The disabling of the M/T Marivex by U.S. forces appears to suggest heightened military tensions in the Gulf of Oman.

The U.S. Navy’s actions are consistent with ongoing enforcement of a maritime blockade against Iran-associated vessels.