Hormuz Shipping Remains at a Trickle Despite US-Iran Ceasefire

Despite the US-Iran ceasefire holding nominally, shipping through the Strait of Hormuz remains at a trickle as of April 10. The continued disruption highlights persistent economic damage even as the truce prevents active military exchanges. The Strait carries approximately 20% of global oil supply, and its sustained underutilization signals deep uncertainty among shipping operators about the truce's durability.