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Hormuz traffic at wartime lows as energy shock ripples through markets
Confirmed
What we know
Shipping analysts tracking the Strait of Hormuz said already-limited wartime traffic plunged further during the mid-to-late July strike exchanges—Lloyd’s List Intelligence later cited a drop from 82 ships in the July 13–19 week to 39 in July 20–26. About a fifth of global oil and gas shipments passed the strait in peacetime.
Saudi and other exporters leaned on Red Sea/Bab el-Mandeb workarounds and Egyptian pipeline transfers, adding cost and time while Houthis threatened Saudi shipping—compounding the energy shock from the five-month U.S.–Iran war.
What's confirmed
- Lloyd’s List weekly transit drop 82→39 cited in AP July 30 analysis of the period (AP).
- Hormuz peacetime share ~20% of oil/gas shipments (AP; multiple).
What's still developing
- Whether the Friday strike pause quickly restores transit counts.
Sources
- AP News — Lloyd’s List transit collapse; economic havoc wrap link