Intertwined Themes September 17-18, 2026

HORMUZ TRAFFIC FELL BELOW A THIRD OF AVERAGE, THEN LNG VESSELS RETURNED, AS PANAMA SLOT FEES TOPPED $5 MILLION

• Hormuz transits fell to three ships on Sept 16, from 12 a day earlier against a ~17 ten-day average. Read This: Reuters
• Four vessels transited Hormuz on Sept 18 as three LNG carriers reappeared outside the strait, signaling partial recovery. Read This: Reuters