Daily traffic through the Strait of Hormuz appears to have stabilized at between 30 to 60 crossings in the past seven-day period, with an average of 40 vessels a day crossing so far this week, according to ship-tracking company Kpler.

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Daily traffic through the Strait of Hormuz appears to have stabilized at between 30 to 60 crossings in the past seven-day period, with an average of 40 vessels a day crossing so far this week, according to ship-tracking company Kpler.

Saudi Arabia is shipping its most crude through the Strait of Hormuz since the US-Iran truce reopened the waterway; Four Bahri supertankers carrying about 8mln bbls have exited the Gulf, signaling higher exports

India will reportedly build crude oil reserves to hedge against the risk of sharp oil-price spikes

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