Global Oil and Gas Hormuz tracker: day 108

Research evidence excerpt

Global Oil and Gas Hormuz tracker: day 108

Powered by Lab Global16 JuneResearch2026ab Evidence UBS YES

Global Oil and Gas Equities

GlobalHormuz tracker: day 108

Oil Companies, Major

Henri Patricot, CFA

Awaiting signing of the deal Analyst

Shipowners remain cautious around crossing the Strait of Hormuz as they await more henri.patricot@ubs.com

details on security guarantees (link).A US official has confirmed that Iran would be able +33-14-888 3033

to sell oil as soon as the deal is signed on Friday (link). The foreign minister of Iran, Abbas Nayoung Kim

Araghchi, has confirmed that the next round of talks would begin on Friday after the Analyst

initial deal is signed (link). nayoung.kim@ubs.com

+44-20-7568 4010

No visible improvement in oil & gas flows for now Joshua Stone

The latest UBS Evidence Lab data (> Access Dataset) shows a slow down in traffic, with Analyst

one LNG carrier exiting the Gulf on Monday (Figure 1Oil&gastankerspasingthroughtheStraitofHormuz,innumberofshipsenteringandexitingtheGulf). The June average is below the joshua.stone@ubs.com

+44-20-7901 5588

April-May average of ~3, and significantly lower than February's daily average of ~50

crossings. Exports are down to an average of 1.0Mboe/d for June on a volume basis, a Josh Silverstein

decrease from the 1.3Mboe/d average in May (Figure 4EstimatedoilandgasflowsexitingtheGulf,basedonDWT,inMboe/d). Flows through the Bab-el- Analyst

Mandeb Strait ticked down to 12 on Monday from 14 (Figure 12Oil&gastankerspasingthroughtheBab-el-MandebStrait,innumberofshipsenteringandexitingtheRedSea). josh.silverstein@ubs.com

+1-212-713 3513

Crude loadings in the Gulf tick up slightly Tom Allen

Analyst

Crude loadings in the Gulf ex-Iran ticked up slightly, with these loadings now averaging

tom.allen@ubs.com