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strikeAug 24, 2026

Fewer than 20 ships cross Strait of Hormuz over weekend as US-Iran blockades choke key oil route

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Initial data from shiptracker Kpler showed just four vessels crossed the strait on Sunday, down from 13 on Saturday and Friday's tally of 16. The figures could still be revised upward, as some ships had switched off their transponders while transiting. Also read: The Hormuz crude volume debate masks the real shortage of refined fuels On Friday, two empty very large crude carriers (VLCCs) entered the Gulf with their tracking devices switched off, one bound for Iraq, the other for Bahrain. A VLCC carrying 2 million barrels of Emirati crude had exited the strait on Thursday. Eight very large gas carriers transited the strait over the past three days, with six entering empty and the remaining two exiting the Gulf loaded with liquefied petroleum gas (LPG) sourced from Iran. Traffic near three-month lows Overall volumes stayed suppressed through the week to August 21, with vessels either aborting transit plans altogether or rerouting through the strait's northern corridor following renewed attacks, the United Kingdom Maritime Trade Operations (UKMTO) agency said in its latest report. A total of 89 vessels exited the strait while 103 entered over the seven-day period, AIS-based data in the report showed. "Traffic remains well below normal levels, with AIS-detected transits approximately 90% below pre-conflict baselines and declining since the June 24 to June 26 peak," UKMTO said. Tankers continued to dominate movement through the chokepoint, accounting for 45% of total traffic. Of these, 56% carried crude oil, oil products or chemicals, while LPG carriers made up a further 24%. Also read: 'Vessels violating Iranian protocols for Strait of Hormuz' shall face fines, detention, confiscation: Iran Since July 6, UKMTO has logged 23 incidents of projectile strikes on vessels in the strait and its vicinity, causing bridge, engine-room and structural damage. Bab el-Mandeb traffic also thins A total of 24 commodity vessels sailed through the Bab el-Mandeb strait on Sunday, down from 32 on Saturday, itself an increase from 22 on Friday, Kpler data showed. Two VLCCs entered the Red Sea on Saturday, one carrying Iraqi Basrah crude, the other empty. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel) Explore More Stories

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    Initial data from shiptracker Kpler showed just four vessels crossed the strait on Sunday, down from 13 on Saturday and Friday's tally of 16. The figures could still be revised upward, as some ships had switched off their transponders while transiting. Also read: The Hormuz crude

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strikeUnverifiedUSIsraelIranRussiaChinaUkraine
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Ukraine’s offensive against Russia causes petrol panic across Central Asia War-induced shortages set off cross-border fuel runs and deepen energy problems for Russia’s allies. A Russian woman explained on camera what made her and a smiling, bearded man next to her drive to a petrol station in Kazakhstan.

“Simply to fill the tank,” she said in a viral video that explains new terms in today’s Russia: “fuel tourism” and “gas hunting”. Recommended Storieslist of 4 items - list 1 of 4‘Long-range sanctions’: Ukraine hopes strikes cause Russia fear and losses - list 2 of 4‘New level of danger’: Drone incidents scare Europe amid Russia-Ukraine war - list 3 of 4Russian expert warns of impending social crisis as Ukraine death toll rises - list 4 of 4How China and Russia could hobble Trump’s plans to isolate Iran For most of this year, swarms of Ukrainian drones have been burning down Russian oil refineries and fuel depots from annexed Crimea to the Baltic to western Siberia, causing sky-high plumes of putrid smoke.

As Russian President Vladimir Putin refuses to resume peace talks, claiming that his forces “advance in all directions”, tens of millions of Russians face fuel shortages and hours-long queues at petrol stations – with occasional shouting and fist fights.

And those living in regions bordering Kazakhstan – including a string of urban centres along the Volga River, Russia’s most densely populated region – drive to Central Asia’s most oil-rich nation, often hundreds of kilometres, just to fill up. Even though in late May the Kazakh government banned petrol exports, border guards report thwarting hundreds of attempts to smuggle fuel back to Russia in canisters, makeshift fuel tanks – or in giant fuel trucks.

But some industrious smugglers still make their way across the world’s second-longest land border that stretches 7,644km (4,750 miles) across the barren steppe, according to people interviewed for this article. “There’s total contraband along the border,” Timur, a businessman in Almaty, Kazakhstan’s capital, told Al Jazeera.

He withheld his last name for safety reasons. Even though Kazakhstan boasts three giant, Soviet-era oil refineries, fuel prices in Kazakhstan increased by 15.6 percent this year, the UlusMedia website reported on July 10 . Only one of Kazakhstan’s neighbours, Turkmenistan, has large hydrocarbon reserves, but its autocratic leaders isolated the country from the rest of the region in the 1990s.

‘Deficit here for a long time’ Other Central Asian nations feel the ripple effect too – especially Kyrgyzstan and Tajikistan, resource-poor, mountainous nations that used to get up to 90 percent of their petrol from Russia. “They’ve been hurt the most,” Galiya Ibragimova, a Moldova-based expert on Central Asia with Carnegie Politika, which is headquartered in Berlin, told Al Jazeera.

Kyrgyzstan is a member of the Eurasian Economic Union, the free trade bloc of five former Soviet nations dominated by Russia and the Kremlin’s political decisions. Tajikistan is not a member of the group, but it bought discounted Russian fuel as “payment for political loyalty, not because Putin is so kind”, Ibragimova said.

A key source of petrol for Central Asia was Russia’s largest refinery in the city of Omsk in southwestern Siberia. But it stopped operating after Ukrainian drone attacks in early July that damaged a crude distillation unit. Around that time, Kyrgyzstan began regulating petrol prices and asked other ex-Soviet nations for help to “ensure sustainable fuel supplies”.

Kyrgyz experts predict long-term problems at Russian refineries will take months or even years to fix. “Equipment for oil refineries is not a delivery from an online shop or a supermarket,” Kyrgyz energy expert Olzhas Baydildinov said in televised remarks.

“The deficit that has come is here for a long time.” The Kyrgyz government pledged to “provide at least a half” of Kyrgyzstan’s needs – but only after modernising the nation’s largest refinery, deputy energy minister Nasipbek Kerimov said in early July.

He did not specify how long it would take. By the middle of this month, Kyrgyz authorities said they had spent about $11.4m to subsidise petrol prices. China’s help in drilling Tajikistan is especially vulnerable because domestic oil processing amounts to 0.

5 percent of petrol consumed there. Drivers already face fuel shortages and limits of 20 litres per car at some petrol stations. “There are problems both in the [processing of oil] and in logistics,” deputy energy minister Daler Juma said in early July, when announcing that the government had amassed fuel reserves that would last “at least 60 days”.

In mid-August, he travelled to Tehran and signed a deal to provide 2.5 million tonnes of oil, petrol and diesel from Iran. With the help of experts from the giant state-owned China National Petroleum Corporation, Tajikistan has intensified the search for prospective oil fields.

By the end of this year, they are due to submit a report on seismic reconnaissance, a method of quickly assessing potential oil reserves. “Then, we will decide where we can start drilling,” Tajikistan’s chief geologist, Ilhomjon Oymukhammadzoda, told a news conference in early July.

Uzbekistan’s ‘reserves’ for winter Both Kyrgyzstan and Tajikistan used to resell Russian petrol to neighbouring Uzbekistan, the regional economic powerhouse with a population of almost 39 million and half a dozen car manufacturing companies. As Uzbekistan processes its own oil into petrol satisfying about two-thirds of its needs, the rest usually comes from Russia.

But the new shortages have forced the government to start amassing a strategic reserve. “We have a separate plan for the fall and winter, we’ve created enough reserves. I can say with confidence that we have enough reserves for two or three months,” deputy energy minister, Umid Mamadaminov, said early last month.

Meanwhile, many Uzbek drivers are happy they switched their engines to run on compressed natural gas – even though huge gas tanks take up most of the boot. “I switched 15 years ago, saved a lot of money,” Azamat Tolipov, a taxi driver in the Uzbek capital, Tashkent, told Al Jazeera.

Regional governments are trying to find new sources of oil and gas, but the United States and Israeli war on Iran drives global prices up. “Central Asian nations will convulsively look for new suppliers, but considering what’s going on in the Strait of Hormuz, even if they find an alternative, it will be more expensive,” analyst Ibragimova predicted.

Beijing seems to be the only power to benefit from the fuel crisis as sales of Chinese-made electric cars skyrocketed even before it unfolded. Electric car sales in Kazakhstan alone grew 36 times between 2022 and 2025, said the Carnegie Russia Eurasia Center, a Berlin-based think tank in last year’s report titled: “China has flooded Central Asia with electric cars”.

strikeUnverifiedIranProxy
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The UKMTO said all crew were safe and accounted for with no reported environmental impact. Yanbu is Saudi Arabia's main Red Sea oil port, where millions of barrels a day are loaded, and has become the main route out for Saudi oil skirting the Strait of Hormuz, which has been blockaded by Iran.

Also read: Saudi oil tanker heads to India as Red Sea, Hormuz traffic slows amid attacks Shipping from Yanbu has itself faced disruption since Yemen's Iran-aligned Houthis declared a blockade on Saudi-linked vessels in the Red Sea last month. The Houthis have carried out attacks on Saudi oil facilities and shipping in the Red Sea in recent weeks, and they claimed to have targeted Saudi oil giant Aramco facilities in Yanbu in July.

There was no confirmation or comment from Saudi authorities.

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DUBAI, United Arab Emirates (AP) — Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an “economic D-Day” and would add further pressure on an economy already battered by previous sanctions and a U.

S. naval blockade. The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets. Iran’s official Central Bank rate stood at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.

The currency had already been under pressure before the U.S. and Israel attacked Iran on Feb. 28, with double-digit inflation and negative growth, but has been hitting new record lows as nearly six months of war have taken an even greater toll.

Still, U.S. President Donald Trump has been unable to win concessions from Iran, which continues to keep a firm grip on shipping through the Strait of Hormuz, the key waterway through which a fifth of the world’s traded oil transited freely before the war began.

Iranian attacks and threats have severely hampered that traffic during the war. Iran and Oman, which is on the opposite side of the strait, are reportedly in the final stages of agreeing upon a plan for joint management of the waterway, which regional officials have said would include having ships to enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman.

Trump has been sharply critical of Oman, an American ally, threatening to bomb the country if it “gets in the way.” Oman’s foreign minister was to visit Iran on Tuesday for new talks. In an attempt to break the impasse with Iran, U.

S. Treasury Secretary Scott Bessent promised even stronger sanctions than those already in place would be announced Monday, including secondary sanctions on countries that continue to do business with Iran. “President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.” Already last week, the United Arab Emirates announced that it was suspending all trade with Iran.

Trump had called the leader of the UAE, Sheikh Mohammed bin Zayed Al Nahyan, the day before the announcement. The UAE has long been one of Iran’s largest trading partners and its biggest source of imports, as well as a major re-export and financial hub for Iranian businesses.

Following Bessent’s remarks, Mohsen Rezaei, the hard-line leader of Iran’s Supreme National Security Council, said in a post on X that any country’s support for new American economic measures would be seen as an “act of war.

strikeUnverifiedIranProxy
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A tanker was hit by an unknown projectile around 63 nautical miles west off Saudi Arabia’s port of Yanbu, sparking a fire on its main deck, the U.K. Maritime Trade Operations said Monday. The UKMTO said all crew were safe and accounted for with no reported environmental impact.

Yanbu is Saudi Arabia's main Red Sea oil port, where millions of barrels a day are loaded and has become the main route out for Saudi oil skirting the Strait of Hormuz, which has been blockaded by Iran. Shipping from Yanbu has itself faced disruption since Yemen's Iran-aligned Houthis declared a blockade on Saudi-linked vessels in the Red Sea last month.

The Houthis have carried out attacks on Saudi oil facilities and shipping in the Red Sea in recent weeks and they claimed to have targeted Saudi oil giant Aramco facilities in Yanbu in July. There was no confirmation or comment from Saudi authorities.