Signal · Commodities & Input Costs
Hormuz Ship Traffic Falls to Weekly Low as Standoff Drags On
What the source reported
Source-reportedThe number of ships that have transited the Strait of Hormuz dropped to a week-low on Tuesday, according to shipping data, as vessel owners continue to avoid the key chokepoint in the Middle East. Only eight vessels moved in either direction at the Strait of Hormuz on Tuesday, the lowest number since August 5, and below the latest 10-day average of 12, per Kpler data cited by Reuters on Wednesday. Traffic at the waterway, where some 20 million barrels of oil were flowing before the war, has continuously declined this week amid heightened security…
- Publication
- Oilprice.com · Trade Publication
- Published
- 12th August 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 12th August 2026 · 11:24
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (30.0/100). Strongest contributor: Procurement Impact (12.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (37.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Likely Event Severity