Strait of Hormuz Shipping Halt Strands Ships and Deepens Oil Shock
Shipping traffic through the Strait of Hormuz remained largely halted, leaving about 800 vessels stranded in the Persian Gulf. The International Maritime Organization is preparing a humanitarian evacuation plan for crews, but it can only be activated after the conflict ends and the waterway is confirmed clear of mines.
The disruption is worsening a major oil-market shock. Trafigura's chief economist said supply losses have already reached about 1 billion barrels and could rise to 1.5 billion, while Gunvor warned stockpiles could be exhausted within a month if the war continues. Asia's biggest buyers, including China and India, have relied on floating Russian and Iranian cargoes and other workarounds, but those supplies are drying up, even as at least 26 Iranian shadow-fleet vessels are reported to have bypassed the US blockade.
From the sources (25 posts)
@staunovo#Iran war fuel hike adds $100 to long-haul flight cost, study says
@hfi_researchStrait of Hormuz in the last 24 hours. Nothing crazy happened. Only sanctioned tankers are going through. Source: @MarineTraffic
@philippilkBrutal. It looks like flight cancellations are going to start in Europe just before summer hits. ☀️✈️
@tbrit90The US doesn't have enough ships in the region to enforce a full blockade.
@staunovoRT @HFI_Research: Strait of Hormuz in the last 24 hours. Nothing crazy happened. Only sanctioned tankers are going through. Source: @Mari…
@staunovoScam messages offering ships safe transit through Hormuz, security firm warns
@staunovo#India's crude oil imports fell 13% in March from pre-war levels in February, with half coming from Russia, after the U.S.-Israeli conflict with Iran halted Middle Eastern shipments via the Strait of Hormuz, shipping data showed. The world
@staunovoOil markets one month away from tank bottoms -Gunvor's Lasserre #oott
@staunovoOil market going to have big jet fuel issues in summer - Socar #oott
@staunovoOil demand destruction 1mbpd in March, 2.5mbpd in April - Gunvor #oott
@iranintl_enThe International Maritime Organization is working on an evacuation plan for hundreds of ships stranded in the Persian Gulf since US and Israeli strikes on Iran began, Bloomberg reported on Tuesday, citing Secretary General Arsenio Domingue
@ajenewsThe International Maritime Organization (IMO) is working on an evacuation plan for hundreds of ships that have been stuck in the Strait of Hormuz since the US-Israel war on Iran began, according to Bloomberg. 🔴 More on
@staunovoRT @chigrl: Thai Airways to Cut Flights as Fuel Costs Rise Thai Airways International (BKK:THAI) plans to cut flight frequencies across As…
@theblockcoScammers demand crypto 'clearance' fees from ships near Strait of Hormuz: report
@osint613Hundreds of tankers and cargo ships are stranded in the Persian Gulf. The UN's International Maritime Organization says planning is underway to evacuate them. - Bloomberg
@staunovoOil market has lost 800-900 million barrels of inventory this year - CEO Gunvor #oott
@staunovoIranian state media claims to show ships transiting Strait of Hormuz with Tehran's permission
@staunovoChinese leader Xi Jinping called for the restoration of safe transit through the Strait of Hormuz and an “immediate and comprehensive” cease-fire in a phone call Monday with Saudi Crown Prince Mohammed bin Salman.
@staunovoOil prices don’t fully reflect the largest supply disruption ever, after the Iran war effectively closed the Strait of Hormuz, some of the market’s top analysts said. So far, the conflict has caused the loss of a billion barrels of supply,
@staunovoAsia’s largest oil buyers have been able to lean on workarounds to limit the impact of more than seven weeks of war in the Persian Gulf, shielding not only their own economies but those of neighbors competing for cargoes. That luck is begi
@staunovo12mbpd of hydrocarbons lost by Iran war supply crisis - CEO Vitol #oott
@staunovo4mbpd of oil demand lost due to Iran war supply crisis - CEO Vitol #oott
@staunovo600-700 mb of oil already lost by Iran war, which will be 1 billion barrels by the time situation normalizes - CEO Vitol #oott
@staunovoRT @vtchakarova: 2.5mbpd demand destruction in April versus 9-10mbpd supply destruction in April. Something‘s got to give.
@oilheadlinenewsOil demand destruction 1mbpd in March, 2.5mbpd in April - Gunvor