Vol8188
revolUTion in the air!
- Joined
- Mar 19, 2011
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It's 80% down in traffic.
The flow of oil through the Strait of Hormuz ticked higher on Monday despite ongoing threats from Iran, Goldman Sachs said in a note to clients.
The number of oil vessels crossing the strait was at 20% of pre-war levels on Monday, according to a Goldman analysis of ship-tracking data from S&P Global and Kpler. Over the past four days, Goldman estimates tankers carried about about 1.6 million barrels a day through the strait—still far below the average of about 20 million barrels per day before the conflict.
Sure but that is mainly due to insurance which is why Trump proposed insuring the vessels.


