42 tankers queue to transit Strait of Hormuz amid tanker war
MarineTraffic data compiled by Al Jazeera and published September 9 showed 42 tankers waiting to transit the Strait of Hormuz as of September 7, including 18 carrying oil with a combined capacity of about 11.1 million barrels -- roughly 11% of world daily oil demand.
Why this matters. A growing backlog at Hormuz shows shippers are already slowing transits in response to the tanker war, a leading indicator of the physical supply disruption markets are now pricing in.