
Iran's Araghchi says 7-day Hormuz reopening plan still under review
Foreign minister says Tehran awaits US response on conditions to reopen strait and resume talks.
What the chokepoints costStraits, canals and corridors under pressure, in numbers
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Foreign minister says Tehran awaits US response on conditions to reopen strait and resume talks.

F-16 jets intercepted Geran-4 drones 11 and 13 nautical miles southeast of the strategic waterway after separate tanker incidents.

Freight now accounts for over 40 percent of U.S. crude price, up from 7 percent average in 2025.

Drone attacks on two chemical tankers off Romania left seven sailors missing and disrupted traffic through the Danube export corridor.

First sailing departs Qingdao 17 October as UAE gateway shows signs of pressure from volumes shifted outside Strait of Hormuz.

SCA reports 166 medium and large container ships crossed between July and September 2026, up from 16 in the same period last year.

UKMTO confirms multiple projectile hits on vessel in third reported attack within 48 hours across the Gulf region.

State tanker company completes maiden very large crude carrier voyage as Baghdad seeks alternative export routes following Strait disruption.

Empty vessels turn from Persian Gulf as Iranian attacks disrupt ship-to-ship operations and tanker rates reach record levels.

G7 announced 100 million barrel emergency release as global inventories fell 507 million barrels since February.

Japan-linked tankers picking up cargoes in Gulf of Oman offshore transfers, avoiding Strait of Hormuz transits.

OPEC Basket recorded strongest gain at 4.14% while Murban crude dropped 1.49% in early Wednesday trading.

Shipments through the strait rose to their highest level since the Iran conflict began as Red Sea traffic fell by more than half.

Foreign minister Abdelatty stresses freedom of navigation through Bab Al-Mandab in calls with Gulf and US counterparts.

Saudi Arabia restored half its Red Sea pipeline capacity while Hormuz flows climbed to near 80 percent of prewar levels.

EU foreign policy chief says Operation Aspides needs four more vessels to meet original deployment target amid rising attacks on shipping.

QatarEnergy warns strait disruption is delaying North Field buildout equipment deliveries as crossings remain constrained.

Qatar's Ministry of Commerce confirmed as institutional partner as event focuses on turning agreement into trade and investment partnerships.

Truck movements exceeded 34,000 through the two-crossing system in its first three months of operation.

Fertiliser shipment restrictions through the strait are contributing to converging food crisis risk alongside Ukraine war and El Niño effects.

Middle East Gulf-China benchmark rates broke through $1 million per day for the first time as longer voyages and route disruption tighten supertanker capacity.

Presidential office says no decision made on military assets for the waterway as internal evaluations continue.

Beijing's private message followed Houthi advances along Yemen's Red Sea coast that exposed Saudi oil exports to increased risk.

West Texas Intermediate fell to $101.29 per barrel following reports of alternative export arrangements through Sohar port.

Aramco moved crude to Asian refiners via ship-to-ship transfers in Gulf of Oman, up from 4 million barrels in August.

Singapore VLSFO stands at $908 per ton while Fujairah premium reflects constrained Gulf supply and reduced bunkering activity.

Diesel and gasoline inventories at state majors down 2.4 and 2.9 percent respectively in week to August 12.

API data shows gasoline and distillate stocks also gained in week ending September 11.

AE5, AE11, AE12 and ME2 routes return to Red Sea corridor after Cape of Good Hope diversions.

Twenty-year-old VLCCs now assessed at $71.1m against $20.8m scrap value as war risk premium rewrites tanker economics.

Average laden voyage now runs 22.42 days, removing effective capacity as freight rates surge to multi-year highs.

Seven million barrels per day of export capacity offline; WTI gains 3.3% to $103 per barrel.

Dutch carrier launches weekly rotation linking Moroccan port to Setúbal and northern Europe starting September 10.

Houthi statement reports 73 vessels in 48 hours while Kpler data shows Friday crossings fell to 15 from 30 the previous day.

Route safety, insurance and bank financing must clear before price assessment, APPEC panel reports.

IEA revises 2026 global consumption upward by 1.2 percent as gas prices drive shift to coal-fired generation.

State energy company pursuing regional routing alternatives as disruption cuts production by 900,000 barrels per day since February.

First-half 2026 spending more than triples year-on-year as Brent reaches $97.35 and strait traffic falls to May lows.

Baghdad seeks vessels to maintain crude flows through the strait as exports recover to pre-conflict levels using ship-to-ship transfers.

Government forces relocate south to Dhubab as group expands control over Yemen's Red Sea coastline.
| Chokepoint | Week ending | Recorded status | Transits per day | Transits in week |
|---|---|---|---|---|
| Bab el-Mandeb | 2026-08-30 | restricted | 26.3 | 184 |
| Cape of Good Hope diversion | 2026-08-30 | open | 91.9 | 643 |
| Strait of Hormuz | 2026-08-30 | restricted | 4.3 | 30 |
| Suez Canal | 2026-08-30 | open | 43 | 301 |
| Bab el-Mandeb | 2026-08-23 | restricted | 29.4 | 206 |
| Cape of Good Hope diversion | 2026-08-23 | open | 91.6 | 641 |
| Strait of Hormuz | 2026-08-23 | restricted | 5 | 35 |
| Suez Canal | 2026-08-23 | open | 42 | 294 |
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