Iran Reports Zero Hormuz Transits After Navigation Aids Destroyed
⚓ HORMUZ — Iran destroyed the navigation aids, then announced the strait is clear of "unauthorized" vessels. 📌 LOOK CLOSER: Destroying navigation aids converts Hormuz from a contested strait into an impassable one — no transponders, no beacons, no insurance coverage. Zero transits isn't a blockade declaration; it's the same outcome with legal deniability. The 1 daily transit CENTCOM tolerated just hit zero. Oil markets priced a blockade risk; they're now pricing the blockade.
