Traffic through the Strait of Hormuz has dropped to a near standstill after Iran initially claimed it had reopened but then reinstated restrictions, allowing only a handful of vessels to transit since. Oil and gas prices are rebounding as a result.

Traffic through the Strait of Hormuz has dropped to a near standstill after Iran initially claimed it had reopened but then reinstated restrictions, allowing only a handful of vessels to transit since. Oil and gas prices are rebounding as a result.

U.S. Central Command announced that since the start of the maritime blockade of Iran, it has prevented 27 Iranian ships from passing through the Strait of Hormuz.
Iraqi militants supported by the Islamic Republic have launched hundreds of explosive drones at Saudi Arabia and Kuwait over the past five weeks. Gulf countries, particularly Saudi Arabia, are reportedly considering strikes against Iranian-backed proxies in Iraq.
Traffic through the Strait of Hormuz has dropped to a near standstill after claims it had reopened fell apart. Iran reversed course and reinstated restrictions. Only a handful of vessels have transited since. Oil and gas prices rebounding.