# Suez recovery accelerates as distorted tanker trades push crude volumes above pre-crisis levels

> Suez Canal traffic reached 125.6m dwt in October, its highest since shipping left the Red Sea, though still 33% below November 2023 levels. Crude tanker traffic hit 47.13m dwt, above the 44.35m dwt pre-crisis monthly average, driven by Russian crude flows and Saudi use of Yanbu, and sanctioned vessels accounted for 37.7% of large crude tanker transits.

- Date: 2026-11-03 · published 2026-11-03T15:40:28.355Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/78021-suez-recovery-accelerates-as-distorted-tanker-trades-push-crude-volumes-above
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rerouting around Hormuz and Bab el Mandeb keeps freight costs and transit times elevated, which supports shipping and energy costs for feed ingredient imports. The recovery is driven by disrupted trade flows rather than normalised security, so freight rates are unlikely to ease quickly.

## Read by commodity

- BRENT: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-07-23 | [The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/57988-the-suez-canal-and-sumed-pipeline-are-critical-chokepoints-for-oil-and-natural.md) | +0.6% | -4.5% |
| BRENT | 2018-01-09 | [Sanchi Tanker Burns for Third Day in East China Sea](https://feedsoft.ai/events/66888-sanchi-tanker-burns-for-third-day-in-east-china-sea.md) | +2.9% | -0.7% |
| BRENT | 2019-08-30 | [Iron Ore Freight Starts to Cost a Ton as Great Fuel Shift Begins - Bloomberg](https://feedsoft.ai/events/57778-iron-ore-freight-starts-to-cost-a-ton-as-great-fuel-shift-begins-bloomberg.md) | +1.6% | +2.6% |
| BRENT | 2026-05-25 | [Ocean freight rates approach four-year high \| World Grain](https://feedsoft.ai/events/19449-ocean-freight-rates-approach-four-year-high-world-grain.md) | -12.1% | -23.9% |

## Sources

- lloydslist.com: https://www.lloydslist.com/LL1158902/Suez-recovery-accelerates-as-distorted-tanker-trades-push-crude-volumes-above-pre-crisis-levels

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.