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Market Chatter: Saudi Crude Tanker to Taiwan Crosses Hormuz Amid Heavy Traffic

-- A crude oil tanker carrying 2 million barrels of Saudi crude to Taiwan crossed the Strait of Hormuz on Saturday, as more than 20 vessels moved through the key shipping route, Reuters reported Monday, citing shipping tracker Kpler.

The number of transits was the highest since early March, according to shipping data. Other vessels were carrying oil, gas, and industrial cargoes to destinations across Asia, Africa, and Europe, the report said.

The Strait of Hormuz, which handles about one-fifth of global oil supply, remains highly sensitive amid rising tensions between the US and Iran, reportedly.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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