Recent data indicates a cautious increase in supertanker traffic through the Strait of Hormuz, with four ships carrying unsanctioned oil departing since May 10, totaling nearly 2 million barrels per day. However, overall traffic remains significantly below pre-war levels, as geopolitical tensions continue to impact shipping routes.

• 01Four supertankers have recently departed the Strait of Hormuz, carrying a total of nearly 2 million barrels of oil.
• 02The Strait of Hormuz has seen a significant reduction in traffic since the onset of the war, with only a fraction of pre-war tanker volumes.
• 03Iran has updated its procedures for ships wanting to cross the Strait, allowing some Chinese vessels to pass.
• 04Despite the increase in departures, analysts caution that new tankers are unlikely to enter the region due to ongoing risks.
• 05The blockade has already cut approximately 1 billion barrels from global oil supply.

The ongoing blockade and reduced tanker traffic could lead to higher oil prices globally, affecting consumers and businesses reliant on oil.