Vessel traffic through the strategic Strait of Hormuz decreased by 19.5% last week, according to data from MarineTraffic. This decline comes amid ongoing tensions between the United States and Iran, linked to the broader conflict initiated by U.S. and Israeli military actions. Despite a fragile ceasefire, intermittent strikes and maritime confrontations continue to disrupt the region. The strait has not been completely closed, with some vessels still navigating the passage. Market expectations for traffic normalization by September 30 have dropped to 11.5%, down from 16% a week ago, reflecting growing skepticism about the resolution of geopolitical tensions affecting the strait.
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