Hormuz Vessel Traffic Collapses as Blockade Tightens

🚢 HORMUZ — The number tells you what Tehran and Washington won't admit publicly. 📌 LOOK CLOSER: Traffic data is the blockade's lie detector. If transits remain near 13/day, the 20% toll has no volume to collect and Asian buyers have already rerouted. If numbers tick up, Iran's claim that exports continue gains credibility. Either reading shifts the next move — for CENTCOM's enforcement posture and for insurers pricing Cape rerouting as permanent.