Hormuz crisis sparks a Middle East pipeline boom
The Hormuz disruption is accelerating new pipeline capacity to reroute oil and gas exports around the chokepoint.
Source →The trace
How it reaches your house.
Starting from Frontline plc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Frontline plc →DelaysFrontline-operated crude and product tanker capacity
Five of Frontline's 80 vessels are stranded in the Persian Gulf because of the Hormuz closure, implying a measured delay affecting about 6% of its operated tanker capacity.
“Frontline, headquartered in Cyprus, operates a fleet of 80 vessels that carry crude oil and petroleum products worldwide. Barstad noted that five of the company's tankers are currently stranded in the Persian Gulf because of the Hormuz closure.”
86% confidenceCited →Frontline plc →Prices riseFrontline tanker charter days
Frontline's booked vessel days at very high quoted day-rates indicate higher tanker-transport costs for charterers amid the Hormuz disruption.
“As of Q2, Frontline booked 82% of VLCC days at $181,700/day, 79% of Suezmax days at $131,300/day, and 68% of LR2/Aframax days at $125,000/day, indicating the company's ability to maintain strong revenue streams despite market uncertainties.”
72% confidenceCited →