Hormuz Traffic Remains Depressed as Iran and Oman Weigh Temporary Corridor

Vessel traffic at the Strait of Hormuz remains well below recent averages as Iran and Oman discuss a temporary shipping corridor in the key chokepoint that could lead to a kind of ‘interim’ reopening. Only five commodity vessels moved in either direction in the Strait of Hormuz on Tuesday, roughly the same number as on Monday, but well below the 10-day average of 15 ships, according to ship-tracking data by Kpler as of early Wednesday. Two tankers laden with liquefied petroleum gas (LPG) and one carrying bitumen transited the…