Ship traffic in the Strait of Hormuz has declined this week, and the market is concerned about the progress of the Iranian-Oman talks

On 7 August, the data showed that the market was watching whether the talks between Iran and Oman could have had a progressive impact on the reopening of this critical waterway. This week, Monday to Thursday, the number of ships passing through the Strait of Hormuz fell to 33, compared with 50 during the same period last week. According to Kpler, a total of four ships crossed the Strait on Thursday, including the super-large tanker Nissos Kia, which contained approximately 2 million barrels of Iraqi Basrah crude oil. Of the remaining vessels, 2 carry liquefied petroleum gas and 1 is a small bulk carrier。