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This week

Strait of Hormuz: the latest figures

Traffic through the Strait of Hormuz is still about 70% below pre-war levels, with 277 transits in the week to 28 October. October was the most violent month for shipping since the conflict began, with at least 35 attacks reported by UKMTO, while Brent ended the month at a six-month high of $117.64. Crude exports have largely recovered through the Saudi East-West pipeline, Fujairah and a shuttle-tanker fleet, but product exports, LNG and freight have not. Qatari mediators returned to Tehran and talks were due to continue in Doha on 31 October.

  • Vessel transits per week277transits · ▲ 23 vs 14 October 2026
  • Oil flows through Hormuz10.9million b/d · ▲ 3.7 vs 31 August 2026
  • Attacks on shipping this month35attacks ·
  • Incidents since 1 March (JMIC)153incidents ·
  • Brent crude117.64$ per barrel · ▲ 0.92 vs 23 October 2026
  • Saudi East-West pipeline5.8million b/d · ▲ 3.8 vs 31 August 2026
  • VLCCs shuttling through Hormuz60tankers · ▲ 30 vs 15 July 2026
  • War-risk insurance premium10.00% of hull value · ▲ 9.75 vs 27 February 2026

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Ships crossing the Strait of Hormuz per weektransits
25025526026527027528014 October 202628 October 2026277
Source: gCaptain, Investing.com via Yahoo Finance
Data
Vessel transits per week
14 October 2026254
28 October 2026277
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Brent crude oil price$ per barrel
60801001201401 July 202615 September 20267 October 202623 October 202630 October 2026Before the second closure: about $72117.64
Source: EIA Today in Energy, EIA Short-Term Energy Outlook, Oil & Gas Middle East, Investing.com via Yahoo Finance
Data
Brent crude
1 July 202672.00
15 September 2026131.00
7 October 2026100.20
23 October 2026116.72
30 October 2026117.64
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About Alupetra

Alupetra is an energy trading and advisory company with offices in Istanbul, London and Dubai. We trade crude oil, LPG, gasoline, LNG, urea, base oils, lubricant additives and refinery catalysts against written specifications, and provide crude oil sales advisory, KYC and due-diligence services to producers, refiners and traders.

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Caner Altun, Commercial Management — cm@alupetra.com · +90 216 256 61 72 (Istanbul) · +44 7441 428413 (London)

We answer in English, Turkish and Chinese. Please include your deadline.

We can comment on crude oil, LPG, LNG, urea and fuel markets; shipping through the Strait of Hormuz; fuel prices in Türkiye; and fraud in physical oil trading.