No tankers loaded with crude oil have sailed through Hormuz in the past 24 hours, according to data; Two Indian-flagged tankers loaded with LPG are preparing to sail through Hormuz in the coming days

The absence of crude oil tankers sailing through the Strait of Hormuz indicates a potential escalation in shipping risks in a crucial trade route for energy supplies. This might elevate geopolitical tensions, potentially affecting oil prices and prompting traders to monitor the situation closely for further developments. The upcoming movement of Indian-flagged LPG tankers could signify some normalcy, but the overall climate remains uncertain, impacting market sentiment towards WTI and Brent.