Hormuz Tanker Traffic Hits Two-Month Low as Attacks Surge

The number of tankers traversing the Strait of Hormuz has dropped to the lowest in two months amid renewed attacks on vessels in the waterway—right after tanker-tracking outlets said oil flows out of Hormuz are back to pre-war levels. “Crude crossing the strait fell 27% from a wartime high the week before, to at least 10.1 million barrels a day,” two Kpler analysts reported, as the firm counted only seven commodity carriers traversing the strait on Tuesday. This was the lowest figure since late July, the analysts said.

“That…