Hormuz Traffic Remains Sparse as Rare Tankers Slip Through

Overview

• Ship movements through the Strait remain in the single digits, with tracking showing roughly six to seven crossings a day versus more than 125 before hostilities.
• The UAE-linked LNG carrier Mubaraz, which went dark on AIS for about a month, resurfaced off India after clearing Hormuz with about 133,000 cubic meters of cargo, according to Kpler.
• The Japanese supertanker Idemitsu Maru appears to have transited with Iranian permission after talks by Tokyo, and a senior official said no transit fee was paid.
• Iran’s deputy defense minister said routine commercial passage will follow a definitive end to the war with security guarantees for Tehran, and lawmakers advanced a plan to levy tariffs on ships.
• The U.S. Treasury warned that paying Iranian authorities or the Revolutionary Guard for safe passage is not authorized and could trigger sanctions, raising legal and insurance risks for shippers.