Daily ship crossings in the Strait of Hormuz have plummeted from 130 to fewer than 20, representing an 85% drop in traffic through this strategic corridor handling roughly 20% of the world’s oil and LNG shipments. Iran’s Islamic Revolutionary Guard Corps (IRGC) blacklisted 45 tankers on August 25 and physically stopped four vessels in late July using warning shots. In response to a US-led blockade, Iran reported zero crude oil exports in August, while Iranian operators resort to shadow fleet tactics by disabling AIS transponders to avoid detection.
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