BlockBeats News, July 24th. Due to the continued escalation of risks in Middle Eastern shipping, the transit of oil tankers through the Strait of Hormuz has dropped to the lowest level in two and a half months, causing oil prices to rise back to around $100 per barrel.

Ship tracking data shows that on July 23rd, only 1 oil tanker passed through the Strait of Hormuz, the lowest level since May 7th. In comparison, there were still 3 tankers passing through on July 22nd.

Data indicates that the Very Large Crude Carrier (VLCC) New Giant departed from the Strait of Hormuz that day, carrying approximately 2 million barrels of Iraqi Basra crude oil, with an expected arrival in mid-August at Rizhao Port, China. There were no ships entering the strait that day.

The U.S. military stated that they have carried out the 13th consecutive night of military strikes against Iran, further intensifying market concerns about the security of energy transport in the Middle East.

Meanwhile, shipping activity in the Strait of Mandeb has partially resumed. On July 23rd, a total of 32 oil tankers passed through the strait, up from the previous day's 26, with 14 heading into the Red Sea and 18 toward the Gulf of Aden.

Impacted by regional risks, some tankers have begun to adjust their routes. Data shows that some tankers bound for Asia are choosing to bypass the Strait of Hormuz and instead take the longer route via the Suez Canal, tripling the journey.

Additionally, Saudi Aramco has started offering additional crude loading options through the Egyptian Mediterranean port of Sidi Kerir to replace shipments from the Red Sea ports, reducing the impact of regional conflicts on exports.