How many days has it been since the ceasefire agreement was signed? Shipowners are so scared that they’ve pulled capacity—this geopolitical premium still needs to be renewed.

CoinWires news: According to Kpler data, since the U.S.-Iran conflict flared up again this week, transit volume through the Strait of Hormuz has fallen. On Thursday, the transit volume dropped from 30 ships the previous day to 22 ships. On Tuesday local time, after Iran targeted ships in the strait, clashes broke out between the two sides. Since both sides began exchanging attacks on Tuesday, only two LNG ships have entered the strait, and one has sailed out. After the U.S. and Iran signed an agreement on June 17 to start negotiations to end the conflict, transit volume increased, reached a peak a few days later, and then a ceasefire was broken. On Friday, shipping broker Braemar LNG said in a client report that shipowners are taking a cautious stance, having pulled available capacity from the region, resulting in fewer available vessels and driving up transportation costs.