A large volume of crude oil is poised to move through the Strait of Hormuz as tanker traffic begins returning to one of the world’s most important energy corridors following a reported agreement between the United States and Iran.
Nearly 80 million barrels of crude are currently positioned for transit through the strategic waterway. Industry data cited in multiple reports indicate that about 40 very large crude carriers (VLCCs) loaded with non-sanctioned Gulf crude are waiting inside the Persian Gulf. Additional Iranian cargoes and smaller tankers in the region could push the total volume of oil ready for shipment significantly higher.
The buildup comes as shipping operators assess conditions after the reported US-Iran peace understanding, which is expected to support the resumption of normal vessel movement through the Strait of Hormuz.
Tankers prepare for Asian destinations
According to vessel-tracking data cited in reports, around 21 VLCCs have signalled destinations across Asia.
Of these, five are heading toward China. Another five are bound for ship-to-ship transfer locations near Malaysia and Singapore. At least three tankers were seen moving toward the strait at regular operating speeds.
The Strait of Hormuz serves as a critical route for global energy trade. Before disruptions linked to tensions between the US and Iran, around 15 million barrels of Gulf crude moved through the passage daily to Asian markets.
Saudi tankers return as security concerns persist
Reports also noted that three Saudi supertankers reappeared in the Gulf of Oman earlier this week, a development seen as a sign of shipping activity returning to the region.
However, shipping organisations have continued to caution operators about lingering security risks despite the reopening of the route.
The reported US-Iran agreement has already had an impact on oil markets. Crude prices fell sharply to around $75 per barrel following news of the deal. Lower energy prices are also expected to ease inflationary pressures in the coming months.
Iran announces new transit requirements
Even as vessel movement resumes, Iran has introduced new regulations for ships using the Strait of Hormuz.
Even after the reopening of the Strait of Hormuz, Iran has tightened entry requirements for ships using the route. Vessel operators must now obtain permits and valid insurance cover before entering the waterway and are required to register their transit plans in advance.
Under the new rules, ships must submit transit requests at least 48 hours before reaching the strait. Iranian authorities have also asked operators to complete all documentation beforehand to prevent hold-ups at entry and exit points.