Hormuz Ship Traffic Falls to Three Daily Transits for Third Consecutive Day
⚓ HORMUZ — Three transits a day, three days running; the strait has halved again. 📌 LOOK CLOSER: Six transits was already 95% below pre-war norms — three means the strait halved again. Sustained here, reserve drawdowns outpace supply replacement within weeks for Asia's importers. Gulf producers face a threshold no one publicly named. Three consecutive days makes this a trend, not a spike — and markets haven't priced the next leg.
