Strait of Hormuz Traffic Ticks Higher Amid New Diplomatic Push

Commodity vessel traffic at the Strait of Hormuz rose slightly over the past 24 hours amid diplomatic efforts to discuss temporary corridors or tentative reopening of the Middle East’s most vital oil and gas chokepoint. Ten commodity vessels made the Strait of Hormuz transit on Wednesday, up from 8 on Tuesday, according to Kpler data as of Thursday morning, cited by Reuters. Despite the slight uptick in visible Hormuz crossings in recent hours, the Wednesday tally still lags the 10-day average of 15 vessels moving through the Strait in either…