Citrini Research Reports 15 Ships Daily in Strait of Hormuz

AI Summary

Citrini Research claims that approximately 15 ships are currently passing through the Strait of Hormuz daily, challenging the prevailing narrative of significant disruptions. This figure represents an increase, although it remains below normal traffic levels. The firm suggests that Iran is selectively allowing vessels to transit the area, indicating potential for evolving shipping dynamics. They predict that up to 50% of pre-conflict traffic may resume within 4-6 weeks, which could impact oil markets significantly, especially in longer-dated crude contracts.