SINGAPORE: The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as oil prices surged back to $100 a barrel. Only one tanker crossed the Strait of Hormuz on July 23, compared with three the day earlier, data from analytics firm Kpler showed. Very large crude carrier New Giant, loaded with 2 million barrels of Iraqi Basrah crude, exited the strait on Thursday and is due to arrive at China’s Rizhao port by mid-August.

Vessel crossings through the Strait of Hormuz decreased significantly this week. This drop occurred after a fresh exchange of attacks between the United States and Iran. Yemen's…

SINGAPORE, July 21 : Vessel crossings via the Strait of Hormuz dropped further at the start of the week, shipping data showed, as caution grew following a fresh exchange of…

The ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transiting on Tuesday compared to more the…