Weekend Watch: Hormuz Transits Fall to Four as Oil Holds Weekly Gain
September 4, 2026
News summary: Reuters reported only four commodity vessels crossed Hormuz on Thursday, well below the 10-day average of about 15. At 12:30 GMT Friday, Brent was $94.77/bbl and WTI $90.35/bbl; despite the daily decline, they were up 6.1% and 8.3% for the week. These were intraday prices, not final settlements.
Market context: The sharp gap between observed traffic and its recent average kept freight availability, AIS visibility, war-risk insurance and offer validity central to any executable Gulf cargo.
Archive date: September 4, 2026