September 16, 2026 [Oil Price]- Tanker traffic in the Strait of Hormuz remains critically low, with only four vessels reported on September 15, down from seven the previous day, according to ship-tracking data. The decline reflects heightened caution among owners and exporters due to escalating hostilities, including recent Houthi attacks on Saudi Arabia’s East-West pipeline, which have led to crude oil loading cancellations. Saudi Arabia is reportedly considering increasing shipments through Hormuz, but the feasibility is uncertain given the current crossing numbers. The 10-day moving average for tanker traffic has dropped to 18, indicating a significant downturn.

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