All articles tagged with #kpler
Following a US–Iran agreement to reopen the Strait of Hormuz, at least 20 tankers crossed on Thursday (25 ships total), the highest daily tally since June 2, as Iranian VLCCs resume transponder signals and most flows follow Iran’s designated route; traffic remains below prewar levels, and tolls are suspended for 60 days with talks planned on future tolls and lane governance.
The Trump team says the Strait of Hormuz will return to normal shipping within a month, but shipping analysts project only about 40% of prewar traffic in that timeframe, with full normalization not expected until well into 2027. Key concerns include mines, roughly 600 ships still trapped, ongoing tolls negotiations, and questions about how quickly tankers will re-enter the Gulf after demining.
Three Iranian crude tankers—The Deep Sea, Sonia I and Diona—left Kharg Island and crossed the Strait of Hormuz, marking the first exit since the US blockade began, according to Kpler. The ships loaded in early April and transferred cargo near Singapore, with broader transfers linked to dozens of Iranian cargoes moving toward China in the Singapore area since March.
U.S. crude exports are projected to hit a record 5.2 million barrels per day in May as Asian buyers buy more to offset lost Middle Eastern supply amid the Iran war, according to Kpler. The surge underscores a global supply race and could affect domestic fuel prices and inflation, with potential calls for export restrictions if disruptions persist.