“Schrodinger's Strait:” Why Hormuz Now Exists in a State of Permanent Uncertainty
Nearly 187 days after the start of the Iran war, there is no consensus on how much oil is currently flowing through the Strait of Hormuz. The article highlights that the situation now exists in a state of permanent uncertainty, with conflicting accounts of actual traffic levels.
Why it matters — Volume uncertainty in the Strait of Hormuz affects the tanker market in which Teekay Tankers operates, making shipping conditions harder to gauge for TNK watchers.