According to Krungsri Securities (KSS), shipping traffic through the Strait of Hormuz reached nine vessels on Wednesday, the highest since the conflict began in the Middle East. This is seen as a positive signal for global equities and the SET Index, benefiting stocks sensitive to energy prices.
Krungsri highlighted that the number of ships navigating the Strait of Hormuz—a maritime route responsible for transporting over 20% of the world’s oil, or approximately 17 million barrels per day—rose to nine, up from eight on Tuesday. This level marks a significant surge compared to the pre-conflict average of 60 ships per day, with the current count being the highest since the onset of regional unrest.
This aligns with recent remarks from Iran’s foreign minister, who stated that the Strait remains accessible to all vessels, except those flagged by the United States and Israel. The brokerage considers this development as an indicator of a rebound in transportation through the route.
Looking ahead, Krungsri projects that softer energy, oil, and gas prices are likely as a result of the restored shipping flows. This scenario is viewed as constructive for global stock markets and Thailand’s SET Index.
Sectors poised to benefit include anti-commodity plays such as power producers (GULF and GPSC), airlines (THAI and BA), building materials firms (SCC), and petrochemical companies (IVL), which could experience eased concerns around feedstock shortages.
