Hormuz Traffic Shows Signs of Improvement

Dow Jones06-24 22:04

Oil prices are tumbling on signs that traffic through the Strait of Hormuz is recovering.

A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, according to ship-tracking firm Kpler. This marks a small uptick from 37 tanker transits over the weekend and a recovery from roughly 11 tankers a day the week before.

Brent futures are trading at around $73.8 a barrel, about $1.3 above the closing price of $72.5 a barrel on February 27, before the U.S.-Iran conflict started.

Roughly 6 to 7 million barrels of oil moved through the strait in recent days, according to ING, below prewar levels of 20 million barrels a day.

"We continue to believe that the oil sell-off is overdone, with the market still tightening. Clearly, price movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies," the bank's strategists wrote in a note today.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2645816747?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-24 22:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2645816747","market":"sh","top_or_hot":-1,"title":"Hormuz Traffic Shows Signs of Improvement","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Oil prices are tumbling on signs that traffic through the Strait of Hormuz is recovering. \n</p>\n<p>\n     A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, according to ship-tracking firm Kpler. This marks a small uptick from 37 tanker transits over the weekend and a recovery from roughly 11 tankers a day the week before. \n</p>\n<p>\n     Brent futures are trading at around $73.8 a barrel, about $1.3 above the closing price of $72.5 a barrel on February 27, before the U.S.-Iran conflict started. \n</p>\n<p>\n     Roughly 6 to 7 million barrels of oil moved through the strait in recent days, according to ING, below prewar levels of 20 million barrels a day. \n</p>\n<p>\n     \"We continue to believe that the oil sell-off is overdone, with the market still tightening. Clearly, price movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies,\" the bank's strategists wrote in a note today. \n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hormuz Traffic Shows Signs of Improvement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHormuz Traffic Shows Signs of Improvement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-24 22:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Oil prices are tumbling on signs that traffic through the Strait of Hormuz is recovering. \n</p>\n<p>\n     A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, according to ship-tracking firm Kpler. This marks a small uptick from 37 tanker transits over the weekend and a recovery from roughly 11 tankers a day the week before. \n</p>\n<p>\n     Brent futures are trading at around $73.8 a barrel, about $1.3 above the closing price of $72.5 a barrel on February 27, before the U.S.-Iran conflict started. \n</p>\n<p>\n     Roughly 6 to 7 million barrels of oil moved through the strait in recent days, according to ING, below prewar levels of 20 million barrels a day. \n</p>\n<p>\n     \"We continue to believe that the oil sell-off is overdone, with the market still tightening. Clearly, price movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies,\" the bank's strategists wrote in a note today. \n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XOP","symbol_name":"油气开采指数ETF-SPDR S&P","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2645816747","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645816747","pubTimestamp":1782309840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Oil prices are tumbling on signs that traffic through the Strait of Hormuz is recovering.A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, according to ship-tracking firm Kpler. This marks a small uptick from 37 tanker transits over the weekend and a recovery from roughly 11 tankers a day the week before.Brent futures are trading at around $73.8 a barrel, about $1.3 above the closing price of $72.5 a barrel on February 27, before the U.S.-Iran conflict started.Roughly 6 to 7 million barrels of oil moved through the strait in recent days, according to ING, below prewar levels of 20 million barrels a day.\"We continue to believe that the oil sell-off is overdone, with the market still tightening. Clearly, price movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies,\" the bank's strategists wrote in a note today.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XOP":"油气开采指数ETF-SPDR S&P","OIH":"石油服务ETF","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","BK4570":"地缘局势概念股","BK4585":"ETF&股票定投概念","FTXN":"First Trust Nasdaq Oil & Gas ETF","BWET":"BREAKWAVE TANKER SHIPPING ETF","OILK":"ProShares K-1 Free Crude Oil ETF","BNO":"美国布伦特原油基金有限合伙企业","DIG":"二倍做多美国油气指数","DRLL":"Strive U.S. Energy ETF","IEO":"iShares Dow Jones U.S. Oil & Gas","SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF","OILT":"Texas Oil Index ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","UGA":"United States Gasoline Fund LP","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","PXJ":"Invesco Oil & Gas Services ETF","PXE":"Invesco Energy Exploration & Production ETF","VDE":"Vanguard Energy ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4588":"碎股","DBO":"原油ETF-PowerShares","IXC":"全球能源业ETF-iShares","USO":"美国原油ETF","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","DBC":"商品指数ETF-PowerShares DB","USE":"USCF Energy Commodity Strategy Absolute Return Fund","USL":"United States 12 Month Oil Fund LP","ERX":"二倍做多能源ETF-Direxion","XLE":"SPDR能源指数ETF","USOI":"ETRACS Crude Oil Shares Covered Call ETN","DBE":"能源商品ETF-PowerShares","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN"},"translate_title":"霍尔木兹交通出现改善迹象","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OILT":0.7,"IEO":0.7,"XES":0.7,"WTIU":0.7,"USO":0.7,"OILU":0.7,"OILK":0.7,"DBO":0.7,"BNO":0.7,"DRIP":0.7,"DBC":0.7,"UGA":0.7,"UCO":0.6,"ERX":0.7,"USE":0.7,"FTXN":0.7,"DRLL":0.7,"VDE":0.7,"DIG":0.7,"GUSH":0.7,"DUG":0.7,"IXC":0.7,"USL":0.7,"XLE":0.7,"DBE":0.7,"PXJ":0.7,"SCO":0.6,"BWET":0.7,"PXE":0.7,"XOP":0.7,"USOI":0.7,"OIH":0.7},"content_text":"Oil prices are tumbling on signs that traffic through the Strait of Hormuz is recovering. \n\n\n     A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, according to ship-tracking firm Kpler. This marks a small uptick from 37 tanker transits over the weekend and a recovery from roughly 11 tankers a day the week before. \n\n\n     Brent futures are trading at around $73.8 a barrel, about $1.3 above the closing price of $72.5 a barrel on February 27, before the U.S.-Iran conflict started. \n\n\n     Roughly 6 to 7 million barrels of oil moved through the strait in recent days, according to ING, below prewar levels of 20 million barrels a day. \n\n\n     \"We continue to believe that the oil sell-off is overdone, with the market still tightening. Clearly, price movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies,\" the bank's strategists wrote in a note today.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645816747","isCrawlerRequest":true}