Forty tankers successfully transited the Strait of Hormuz on Friday night, but concerns over diesel supply have become the dominant market issue. The probability of traffic returning to normal by September 30 stands at just 5.5%, down from 14% a week ago, reflecting growing skepticism. The Strait of Hormuz remains a critical chokepoint, with stability threatened by ongoing tensions between Iran and the United States. These developments highlight that logistical challenges related to fuel extend beyond mere access to the strait. Market participants are now factoring in the risk of further disruptions into their expectations.
Source: Read the original article
