SINGAPORE, 19 AUG (DNA) — More than 80 percent of vessel transits through the Strait of Hormuz over the past two weeks have taken the Omani route, a UN-authorized shipping channel, CNN reported, quoting Kpler.
“It increasingly looks like Iran has at least partially lost control of the strait,” said Homayoun Falakshahi, head of crude oil analysis at Kpler, which was in stark contrast a month ago when shipping traffic via the Omani route was non-existent.
The sharp reduction in traffic around Iran’s preferred route has prevented Iran from charging tolls on ship traffic through the strait – as it did in the spring, CNN reported. “Iran’s request to collect tolls is something that most Middle East folks don’t want to do and haven’t been doing,” said Dan Pickering, founder and chief investment officer at Pickering Energy Partners. “So the Oman route absolutely makes the most sense.”
Iran and Oman for weeks have been discussing the future of navigation through the waterway, with Tehran saying the geographical coordinates of the route envisaged by both countries “have been agreed upon.” Under the emerging agreement, ships would enter the Arabian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, with service fees charged for providing security and preserving the maritime environment, two regional officials told The Associated Press.
Iran’s top negotiator Mohammad Bagher Qalibaf earlier this week said the strategic waterway will not be opened until the United States meets Tehran’s demands, including lifting a naval blockade. Shipping through the Strait of Hormuz slowed, data showed on Wednesday, as most shipowners avoided the key waterway because of a lack of clear signaling on its reopening from a blockade during the Iran war.
Six commodity vessels crossed the strait on Tuesday, Kpler data showed by 0258 GMT, down from nine a day earlier and below the 10-day daily average of 11. — DNA
