Shipping traffic in Strait of Hormuz was down on Thursday as just six ships travelled through the strait with two oil tankers among the six ships, according to CBS

The significant drop in shipping traffic through the Strait of Hormuz, with only six vessels reported, including just two oil tankers, suggests potential supply-side constraints in the oil market. This could impact WTI prices, as the Strait is a critical route for oil transportation and reduced traffic may raise concerns over shipping disruptions or geopolitical risks. Traders should monitor how this affects market sentiment and any knock-on effects on broader commodity prices.