Schrödinger's Strait of Hormuz: Open or Closed?

The U.S. launched retaliatory strikes on Iran after Iranian forces attacked a vessel in the Strait of Hormuz, an act President Trump called a ceasefire violation. Although some vessels still navigate the Iranian and Omani sides, traffic has dropped from over 140 daily movements in February to approximately 30-40. Consequently, ship owners, captains, and energy exporters are reassessing risks due to persistent safety concerns in this critical waterway, as reported by Bloomberg News.