World News: Strait of Hormuz Transits Drop to Three-Week Low at Just 8 Ships on July 16 — Oil Supply Uncertainty Deepens
2026-07-17 12:35:54
Shipping data from Kpler showed only eight confirmed transits through the Strait of Hormuz on July 16 — the lowest daily passage count in three weeks — according to BlockBeats reporting on July 17. Analysts warned that the collapse in traffic volume could exacerbate crude oil supply uncertainty and amplify international oil price volatility at a moment when Brent is already trading at $85 per barrel, up 12% on the week.
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