Hormuz traffic collapses to 3 vessels/day, 80% below 10-day average

Commodity vessel traffic through the Strait of Hormuz has significantly decreased, with Kpler data indicating only three transits in the past day, an 80% reduction from the 10-day average. This reduction is corroborated by other sources reporting as few as two detected transits, though the true volume is uncertain due to potential transponder deactivation. The disruption reflects ongoing Middle East tensions and carries implications for global oil supply.