economic high confidence

Hormuz Traffic Near Total Collapse — 3-5 Ships Cross All Weekend vs. 130/Day Pre-War — as Oil Rises 2.7%

| Iran Conflict

CENTCOM said its forces have redirected 64 commercial vessels, disabled 3, and boarded 2 'to ensure compliance' since the US naval blockade of Iran was reimposed in mid-July — up from 44 redirected as of Aug 3. MarineTraffic data showed only 3-5 commercial ships transited the Strait of Hormuz over the Aug 15-17 weekend, against a pre-war average of roughly 110-130 vessels a day. Brent crude rose 2.7% to $90.87/bbl amid the standoff, as the 60-day US-Iran MOU deadline lapsed without a deal and Iran signaled a shift to a 'fully offensive' posture in the strait.

Commercial traffic through the Strait of Hormuz has collapsed to a handful of ships a day under the US blockade
Commercial traffic through the Strait of Hormuz has collapsed to a handful of ships a day under the US blockade — Middle East Eye / Reuters