Shipping traffic via Strait of Hormuz stays below 10‑day average
Preliminary data shows only six commodity vessels transited the Strait of Hormuz on Tuesday, well below the 10‑day average of about 12, amid heightened regional conflict.
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Oil & Gas sector likely to benefit from tighter oil supply expectations, suggesting a Buy bias on related tickers.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- Oil & GasPositively affected
- PowerPositively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas, Power — Positive · Buy bias. PSX tickers: OGDC, HOC. Oil & Gas sector likely to benefit from tighter oil supply expectations, suggesting a Buy bias on related tickers.
Full Story
Open on Business Recorder## Reduced vessel movements through a key oil chokepoint
Preliminary figures released by ship‑tracker Kpler indicate that six commodity vessels passed through the Strait of Hormuz on Tuesday, down from nine the day before and below the ten‑day average of roughly 12 ships. The count was recorded at 0200 GMT and included five inbound and one outbound vessel, among them a Panamax and an intermediate tanker.
## Context of escalating tensions
The dip in traffic comes as the US‑Israeli conflict with Iran intensified. On the same day, Yemen launched strikes on several Saudi Arabian cities, and US forces targeted multiple Iranian oil tankers while Iran responded by striking a US base in Jordan. Such developments raise the risk of further disruptions to oil shipments.
## Parallel movements at Bab el‑Mandeb
While Hormuz saw reduced traffic, the Bab el‑Mandeb strait recorded 25 commodity vessels on Tuesday—11 entering and 14 exiting—still slightly below its ten‑day average of about 27 ships. The fleet included two Suezmax, eight Aframax tankers and one Very Large Crude Carrier.
## Potential market implications
Lower than average transits through Hormuz can tighten global oil supply expectations, supporting crude prices. For Pakistan, higher oil prices can boost earnings for domestic oil‑and‑gas companies and increase demand for energy‑related services, while also influencing inflation and the broader market sentiment.