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Daily Vessel Traffic through Strait of Hormuz
Comparison of daily vessel movements before and after the recent conflict disruptions.
Primary Sources
Energy prices may take 'months' to normalise, despite ceasefire ...
Even though a fragile ceasefire between Iran and the United States and Israel has been announced, it’s going to be a long time before prices of oil and gas come back to pre-war levels, experts say.In response to the US-Israeli attacks, Iran choked off the Strait of Hormuz, the narrow channel linking the Gulf to the Gulf of Oman, through which roughly 20 percent of the world’s oil and gas exports pass from the Middle East, mainly to Asia and also to Europe.Recommended Stories list of 4 itemslist 1 of 4IMF warns of looming inflation crisis on back of US-Israel war on Iranlist 2 of 4Zohran Mamdani on 100 days as New York mayorlist 3 of 4US led ‘historic’ foreign aid decline in 2025 amid Trump cuts: OECDlist 4 of 4US Justice Department opens probe into NFL over anticompetitive practicesend of listIt also attacked energy infrastructure in several Gulf countries, leading to soaring prices of not just energy but also of byproducts like helium, used in a range of products like tiles used in homes and semiconductor equipment. Fertilisers that rely on some of these inputs were hit too, impacting sowing seasons.As a result, consumers the world over, but particularly in developing countries of Asia and Africa, have felt the brunt of those shortages and soaring prices. The question on many minds: Now that there is a ceasefire in place, how quickly will prices normalise?“Anyone who tells you they know the answer to that question is lying,” said Rockford Weitz, professor of practice in maritime studies at The Fletcher School at Tufts University. “It’s too early to tell when we return to normal.”There needs to be a predictable and stable flow of cargo through the strait before markets can stabilise, experts say.“What we’re seeing is the biggest disruption in the history of global oil markets,” said Weitz.Before this conflict, approximately 120-140 ships passed through the Strait of Hormuz every day. On Wednesday, only five vessels crossed the strait, while seven passed through the waterway on Thursday.That shows why “to get back to normal is going to be a while”, Weitz told Al Jazeera. “And it’s too complicated to know at this stage when that will happen, as it requires collaboration with the great powers [US, China and Russia], but also regional powers [UAE, Saudi Arabia, India and Pakistan]. It’s hard to say when it will end, as there are so many parties who can make it not happen.”There is also some concern that developments, like Iran charging a toll fee to allow ship...
Will the ceasefire have any impact on UK fuel and food prices?
2 days agoJemma CrewBusiness reporter EPA/ShutterstockAfter news broke of a two-week ceasefire in Iran, stock markets across the globe rallied and the price of crude oil plunged.But there is less optimism over how much this will feed through to people's finances, with fears long-lasting damage has already been set in motion.The last month has seen ships carrying oil, liquid natural gas and fertiliser effectively blocked from passing through the Strait of Hormuz, while significant damage to facilities in the Gulf has halted production.Even if the ceasefire holds and a peace deal is reached in time, analysts estimate it will take months to restart production and get supplies back to normal. No immediate change to rising fuel pricesDespite today's plunging crude oil price, it remains higher than pre-war levels and drivers should not expect a significant drop in costs at the pump soon, says the RAC.Its head of policy Simon Williams says there is still huge uncertainty for drivers, and their best hope is for pump prices to stop rising in the coming days. But he says some smaller independent forecourts - which buy oil as it costs on the day rather than in advance at a set price - may be quicker to pass on reductions."Much will depend on the stability of the ceasefire, whether oil shipments can move freely through the Strait of Hormuz, and the longer‑term impact on oil production across the Gulf," he says. He adds a sustained lower price - over several weeks - is needed to meaningfully lower wholesale fuel costs.Rachel Winter, from the wealth management company Killik & Co, says it is difficult to predict how quickly costs at the pump might fall."I would expect it to take at least a few weeks, if not a few months," she told BBC Radio 4's Today Programme. Meanwhile, jet fuel is roughly double its pre-war levels. Willie Walsh, the boss of the International Air Transport Association (IATA), says even if traffic through the waterway resumes now, it will take months for supplies to reach the level they need to be at.Passengers should expect higher ticket prices in the meantime, he says. Some airlines have already hiked fares, while some have cut routes.Even if jet fuel were able to flow through the strait, it still needs refining - and some facilities have been damaged, Winter adds. Alan Gelder, senior vice-president of Refining, Chemicals and Oil Markets for energy analysts Wood Mackenzie, says the whole supply chain needs to return to normal, with ships getting to t...
Middle East Oil and Gas Recovery May Take Months Despite Ceasefire as ...
Middle East oil and gas recovery may take months despite a ceasefire, as tanker risks, storage limits and damaged infrastructure slow the return of energy flows.
US-Iran war will still hit energy bills despite ceasefire, experts warn ...
Energy bills could still see a substantial rise in the summer despite the ceasefire deal between the United States and Iran, experts have warned. The two countries agreed to the eleventh-hour ...
