Oil tanker traffic through Hormuz at near standstill as attacks strain Iran truce - Reuters

Oil tanker traffic through the Strait of Hormuz has declined sharply, reaching a near standstill as attacks strain the Iran truce. This downturn follows the announcement that the U.S.-Iran ceasefire has ended, prompting Iran to renew threats to close the waterway. These escalating geopolitical tensions between the U.S. and Iran are creating significant risks for global energy supply stability and increasing market volatility as maritime transit through the critical strait is severely restricted.