Strait of Hormuz tanker crossings hit two-month low
Data from Kpler showed only one tanker crossing the Strait of Hormuz on July 23, down from three the prior day. Ships are being rerouted as regional tensions affect the key oil transit route.
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Lower vessel traffic raises risks of supply disruptions that feed into global oil prices and U.S. energy costs. Americans who drive or heat homes feel the effect through higher fuel and utility bills when flows tighten.
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Data from Kpler showed only one tanker crossing the Strait of Hormuz on July 23, down from three the prior day. Ships are being rerouted as regional tensions affect the key oil transit route.
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