Only one oil tanker transited the Strait of Hormuz on Thursday, the lowest number of crossings since May 7, as war risks spiked this week to hike crude oil prices above $100 per barrel again. Three tankers transited the Strait of Hormuz on Wednesday, but this number crumbled to just one on Thursday, according to Kpler’s vessel-tracking data cited by Reuters on Friday. At the same time, no tanker made an inbound transit through the Strait into the Persian Gulf on Thursday. Traffic at the Bab el-Mandeb Strait in the Red Sea held relatively high despite the Houthi attacks on vessels and threats of blockade at Saudi Arabia’s key export valve in the absence of Hormuz traffic. Voyages from the Red Sea through the Suez Canal, the Mediterranean, and around the southern tip of Africa make the delivery time of energy commodities to Asia three times longer than through the Bab el-Mandeb Strait.