The Strait of Hormuz recorded only one ship transit on September 29, 2025, compared to normal maritime activity. This sharp decline results from escalating tensions between the United States and Iran amid the US-Israel-Iran conflict, marked by attacks and a US naval blockade. The strait, a strategic chokepoint for global oil supply, may experience a prolonged disruption. Markets price the likelihood of maritime traffic returning to normal by September 30 at just 5.5%.
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