Hormuz Tanker Crossings Sink to Lowest Level Since May as War Risk Spikes
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Only one oil tanker transited the Strait of Hormuz on Thursday, the lowest number of crossings since May 7, as war risks spiked this week to hike crude oil prices above $100 per barrel again.
Three tankers transited the Strait of Hormuz on Wednesday, but this number crumbled to just one on Thursday, according to Kpler’s vessel-tracking data cited by Reuters on Friday.
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