First Crude Tanker Transits Hormuz After U.S. Blockade, Easing Immediate Supply Fears

A Pakistan-flagged Aframax tanker, Shalamar, has become the first vessel to move crude through the Strait of Hormuz since a U.S. blockade outside the key passage began earlier this week, according to ship-tracking data. The ship is carrying around 450,000 barrels loaded at Das Island in the U.A.E. and is currently in the Gulf of Oman en route to Karachi, a development that may ease immediate concerns about supply disruptions for Oil – Brent Crude and Oil – US Crude, though regional risks remain elevated.

Over the past month, Brent prices have slipped about 1.76%, while WTI has eased roughly 0.38%, indicating a modest pullback after earlier risk premiums tied to Middle East tensions. On a 1-day basis, technical indicators show WTI at a cautious Hold and Brent flashing a short-term Buy signal, suggesting traders are differentiating between near-term price momentum and still-uncertain geopolitical supply dynamics. Investors can explore more updates, prices, and analysis across global markets at Commodities.