ab 3 July 2026 Powered by YES UBS Evidence Lab Global Research Global Oil and Gas Hormuz tracker: day 125 Reopening unfolding The reopening of Hormuz is proceeding relatively smoothly so far and in the sequence to be expected. After an initial spike in outflows, we are seeing a drop as floating storage gets closer to normal. Inbound tankers have outstripped outbound tankers for several days now. We are seeing an uptick in crude loadings and this higher number of inbound tankers should support a further incr ...