Tankers Fear Hormuz Transit as Iran Stops Vessels
Tankers Fear Hormuz Transit as Iran Stops Vessels What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… An empty Malta-flagged, Greece-managed oil products tanker halted at anchor in the Strait of Hormuz near Oman early on Monday as vessel owners and operators grow increasingly wary of attempting to transit the Strait in either direction following the re-escalation of hostilities.
The Kavomaleas oil products tankersignaledearly on Monday that it is located in the Persian Gulf, at anchor and empty off tip of Oman’s Musandam Peninsula.
The tanker’s previous signal broadcast was in the Gulf of Oman early on Sunday local time, according to data compiled byBloomberg, which suggests that the AIS tracking system was switched off when the vessel started to make its journey inbound into the Gulf.
The Kavomaleas was chartered to pick up oil from within the Gulf, per tanker fixtures Bloomberg has seen.
Since the collapse of the ceasefire, most vessels attempting to brave the waters in the Strait of Hormuz have done so in the so-called dark mode with transponders off to avoid being detected.
Tanker operators have all but stopped attempts to transit the Strait since the hostilities returned more than a week ago, and Iran started attacking and harassing vessels in the Strait of Hormuz again.
Late last week, Iran’s Islamic Revolutionary Guard Corps Navyannouncedit had intercepted four ships attempting to pass through the Strait of Hormuz.
These ships had switched off their transponders, and two were “met with accidents and were stopped in their tracks,” the Revolutionary Guards said.
Tanker traffic at Hormuz has collapsed to a two-month low, reigniting fears of supply shortages amid peak summer oil demand.
On Monday, the United Kingdom Maritime Trade Operationssaidit had received a report of an incident 8 nautical miles northwest of Kumzar, Oman.
“UKMTO have received information from a verified source that a vessel is on fire.
The cause of the fire has not been verified as this time,” said UKMTO advising vessels “to transit with caution and report any suspicious activity to UKMTO while authorities investigate.” China’s Fuel Oil Exports Hit 2026 High as Shipping Demand Rebounds What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… ING: Oil Prices Have Overshot To The Downside Russia’s Oil Windfall Vanishes as Urals Crashes to $42 a Barrel Iran Tightens Grip on Strait of Hormuz Tanker Traffic Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens Iran Sneaks 12 Million Barrels Past Renewed U.S.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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