State of Freight Tankers showing caution around Strait of Hormuz after U.S. attack on Iran nuclear sites

Tankers reversed course away from the Strait of Hormuz as concerns rise on the possible closure of the vital chokepoint of trade.

More tankers are reversing course away from the Strait of Hormuz as concerns rise on the possible closure of the vital chokepoint of trade.

Yui Torikata, senior liquid market analyst at industry data firm Kpler, said the situation is fluid.

The firm’s data is showing a notable event occurred between early Sunday and early Monday, when at least six vessels — two very large crude carriers, three chemical tankers, and one refined products carrier—diverted their courses away from the Strait of Hormuz.