Tanker Traffic Diverts at Hormuz as U.S.-Iran Tensions Raise Oil Disruption, $100 Forecasts

At least two supertankers made U-turns at the Strait of Hormuz following recent U.S. military strikes on Iran, reflecting growing shipping disruptions amid regional conflict. The Coswisdom Lake and South Loyalty, both very large crude carriers, altered their routes due to heightened tensions after the U.S. joined Israel’s attacks on Iran. Ship traffic data shows a significant drop in tanker movements, with empty tankers entering the Gulf down 32% and loaded departures down 27% from early May. Fears of Iran closing the strait—a vital oil transit route—have pushed oil price forecasts toward $100 a barrel. Shipowners are minimizing time in the area, and major firms have issued instructions to limit Gulf exposure, anticipating further delays and risks.