Gordon Johnson: Strait of Hormuz oil crossings remain low while prices are near pre-war levels

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Gordon Johnson: Strait of Hormuz oil crossings remain low while prices are near pre-war levels — Hormuz oil traffic low, prices steady

Gordon Johnson, CEO / Analyst at GLJ Research, observes that oil cargo movements through the Strait of Hormuz have not yet rebounded.

Despite this gap, Johnson points out that current oil prices are still close to those seen before recent hostilities.

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Johnson previously reported that no oil tankers crossed the strait over the weekend as U.S. stock futures opened, with oil prices holding steady. He has also questioned developments in other sectors, recently noting that the Tesla robotaxi fleet consisted of just 31 active vehicles. Both comments focused on observed market figures following headline events.

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