Hormuz Traffic Falls Below 10 Daily Transits as Conflict Drags On

⚓ HORMUZ — The strait isn't closed, but the number tells the same story. 📌 LOOK CLOSER: Single-digit transits against a 130-ship pre-war baseline means Hormuz is functionally closed for global trade purposes. Vance's claim of "large volume" US-escorted convoys hasn't reversed shipper behavior — insurance, IRGC threat, and piracy risk still price passage as prohibitive. Every day at this level compounds the structural energy shock hitting Europe and Asia.