Over 24 Vessels Transit Strait of Hormuz on Monday, Kepler Data Reveals
According to the International Desk of Webangah News Agency, approximately 24 cargo ships, including oil and gas tankers, transited the Strait of Hormuz on Monday. This data was released by Kepler and reported by Mehr News Agency, citing Bloomberg.
The Strait of Hormuz plays a pivotal role in the global economy, facilitating the transit of roughly half of the world’s proven oil reserves and approximately 20 million barrels of crude oil and refined products daily.
Countries bordering the Persian Gulf, including Saudi Arabia, Iraq, Kuwait, the United Arab Emirates, Qatar, and Iran, are directly dependent on this vital waterway for exporting a significant portion of their oil to international markets.
Notably, unlike other oil-producing regions, alternative infrastructure to bypass the Strait of Hormuz is extremely limited. Only two main pipelines exist: the Yanbu pipeline in Saudi Arabia and the Fujairah pipeline in the United Arab Emirates, with a combined capacity of only about 7 million barrels per day, which is minuscule compared to the region’s total export volume.
Any closure or disruption in the Strait of Hormuz would not solely impact the energy market. It would paralyze the global supply chain across various sectors, including agriculture, transportation, packaging industries, pharmaceuticals, apparel, and advanced technologies such as chips, artificial intelligence, and medical equipment.
