Strait of Hormuz over the last 24 hours.

US escorts continue in the Oman lane, but the pace of the inbound tankers (crude) has not increased.

It is interesting to see more tankers using the Iranian route, but most are carrying products.

Because of the rush of outflows, Iran does not have enough VLCCs to take crude away. I suspect they are using some of the tankers going to Iraq to transport some of the crude there. This is why if you see some of the tankers going to Iraq to load crude, I would be skeptical to assume that they are there just for Iraq.

According to data from phileeppos , the pace of the outflow has slowed meaningfully since the escalation the week prior. We still have a gap of ~4 to ~5 million b/d even accounting for bypass. More and more of the outbound crude is headed for China, so they are coming back. It will only be obvious to the market after the fact.

I have included the video from MarineTraffic and I have included the table for inbound tankers for July 2 and 3.