Despite the growth, current waterway crossings are running at just 21% of pre-war levels, and outbound traffic remains more than 75% below previous peaks. Recent activity continues into October, with at least three shipments exiting the strait since late last week, including a Qatari carrier bound for China, as regional producers work to reach energy-starved customers.
Tuesday, October 20, 2026
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Qatar's Empty LNG Fleet Signals Push for Higher Hormuz Volume
Commodities14 days ago
Increased fuel deliveries to international customers may soon resume as vessel activity climbs in the Persian Gulf. Qatar has gathered a fleet of vacant tankers in the region, signaling a plan to raise the amount of liquefied natural gas moving through the Strait of Hormuz. This buildup follows a recent spike in traffic, with S&P Global Energy recording 19 cargoes in September—the highest monthly total since the US-Iran war began—while Kpler data estimated 21 cargoes for the month.
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