AXS Marine provided some results of its AIS-derived vessel and commodity tracking data, following recent developments in the Strait of Hormuz.
Key data points:
1,518 merchant vessels positioned on either side of the Strait (as of noon today)
613 vessels recorded with AIS switched off or spoofed in the region
494 laden vessels remain inside the Persian (Arabian) Gulf
19.3m MT of crude oil on board tankers west of Hormuz
Dry Bulk cargoes within the Gulf:
1.2m MT grain (mostly corn)
833.8k MT fertilizers (mainly urea)
1.4m MT other bulk (bauxite, limestone, sands, sulphur)
845.5k MT unspecified commodities
395.5k MT iron ore
Tanker cargoes within the Gulf:
19.3m MT crude oil
3.8m MT clean petroleum products
421.4k MT dirty petroleum products
408.1k MT chemical cargoes
Source: AXS Marine (AIS-derived vessel and commodity tracking data)
U.S. may lift sanctions on tankers with Iran oil, supplies to reach Asia in days
TORA BROSTA
The U.S. may soon remove sanctions on Iranian oil currently stranded on tankers at sea, with supplies expected to reach Asian ports within three to four days, Energy Secretary Chris Wright said Friday.
Wright made the comments during an interview with Fox Business Network, confirming earlier statements from Treasury Secretary Scott Bessent. Bessent said Thursday that Washington may soon lift sanctions on the stranded Iranian oil as the U.S. seeks to curb rising prices following Iran’s closure of the Strait of Hormuz.
“Within days, within three or four days, that oil will start to arrive at ports,” Wright said.
The Energy Secretary added that oil from an unsanctioned Iran would be absorbed by the market within the next 30 to 45 days.
The move comes as the U.S. government looks to address supply concerns and price pressures stemming from the closure of the Strait of Hormuz, a critical shipping route for global oil supplies.
Source: Investing.com
