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Oil tanker traffic through Strait of Hormuz remains minimal despite ceasefire, keeping supply tight.

Market News
09 Apr 2026
CNBC
View Source
Neutral
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Despite a fragile ceasefire between the U.S. and Iran that includes reopening the Strait of Hormuz, oil tanker traffic remains severely limited with only two tankers passing through since the ceasefire. This strait normally carries 20% of the world's oil, and its blockage has caused global energy prices to soar. Top U.S. economic advisor Kevin Hassett highlighted that even one tanker passing through could significantly ease the supply crunch. However, Iran continues to control and restrict access, demanding permissions and planning tolls, raising doubts about the strait's full reopening. Negotiations set to begin soon may clarify the situation and potentially restore more normal traffic flow.

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