https://www.ukmto.org/-/media/ukmto/products/update-089-jmic-advisory-note-25-august.pdf?rev=2ead1ce051fa4c21be1cc8daf7925ef4
https://www.ukmto.org/-/media/ukmto/products/update-089-jmic-advisory-note-25-august.pdf?rev=2ead1ce051fa4c21be1cc8daf7925ef4
It is what it is.
You know the score. Gasoline isn't $5, but it isn't a buck seventy-five, either.
Meanwhile, the US Navy is spending vast sums everyday to maintain whatever it is we're supposed to be calling this black hole into which we are flushing billion$ down the drain.
JMIC UPDATE 086:
... IRGC attacks, hailing, and routing pressure continue, particularly for AIS-on vessels [in the Strait of Hormuz]. ... Vessels stationary for extended periods, or maintaining AIS-on while static, may still face elevated targeting risk [in the Arabian Gulf]. ... AIS-off operations at Yanbu remain the established norm. The AIS-off berth and waiting-area posture has been sustained without interruption for six weeks. ... AIS-off operations at Yanbu berths, waiting areas and approaches are highly likely to remain elevated. ...
Fixed it for ya.
20% of the world's oil production will never not be relevant.
Bessent: The Strait of Hormuz Is Going To Become Irrelevant In 2 Years
It appears that there is nothing extra coming out of the Red Sea anymore, diverted by Saudi Arabia west to Yanbu.
UAE moved 0.95 mbpd through Hormuz in July 2026, but 2.28 mbpd out of Fujairah which doesn't go through Hormuz, which would be in addition to the now ~6 million through Hormuz, yielding 8.28 mbpd approximately, as we speak.
That's 62% off the pre-war level of ~22 mbpd out of the Middle East.
Trump not vanquishing the Houthis in 2025 is America's chickens comin' home to roost.
I find the Traffic Trends claim in JMIC Update 078 for BAM REALLY difficult to believe.
Combined cargo and tankers in the tables averages 35 per day on July 28 and July 29 compared with baseline 60.
Baseline tankers alone would be 30 per day, instead they're showing 13 per day average for the two days, 10.7 per day over the seven days.
The claim is that vessels are running dark.
But the Saudis are loading NOTHING at Ras Tanura in the Persian Gulf, where there is also oil in the water in satellite photography, and the Houthis droned Saudi oil infrastructure to Yanbu in the Red Sea on Monday.
Meanwhile somebody droned two gas vessels at the Egyptian port of Damietta on The Med on Wednesday, clearly meant to signal that the Suez option's days may be numbered.
The oil business is a confidence game, and the authorities have a vested interest in maintaining it to prevent public panic.
Gasoline is now $4.49/gallon where I live.
Vessels evidently are running dark to avoid being targeted by the Houthis.
JMIC Update 077:
... Open-source data tracking Bab el Mandeb transits with AIS-on decreased from an approximate daily average of 50 vessels to 20 since July 24th. Coalition naval units are present in the area. ...
Normal (2022) Strait of Hormuz tanker transits is at least 70/day, Bab-el-Mandeb 30/day.
BAM transits fell in JMIC Update 075 to 10.0/day since the Houthi Rebels announced on July 20 a blockade of Saudi shipping through the chokepoint. SE traffic fell to 4.0/day.
A product tanker is at anchor in the Red Sea off the coast of Saudi Arabia after it was attacked by the Houthis on July 22.
Professional observers report some tankers abandoning their runs SE and turning back NW while Chinese VLCCs apparently are being green-lighted through despite loading with Saudi oil at Yanbu.
VLCCs fully laden cannot transit the Suez Canal due to size constraints and must partially off-load before transiting and then re-load on the Mediterranean side of the canal.
From JMIC Update 074:
... According to regional reporting, Iran has instructed the Houthis to stand ready to close the Red Sea oil route should the United States strike Iranian power infrastructure. Sources close to the group stated that the Houthis have completed preparations to attack shipping, including the deployment of missiles and drones positioned near Bab el-Mandeb. ...