Iran-US Ceasefire: Uncertainty surrounds the Strait of Hormuz as tensions persist between Iran and the United States despite a fragile ceasefire. Reports suggest Iran has effectively shut or restricted the vital route following Israel’s continued strikes in Lebanon. Marine traffic data shows only four bulk carriers passed through in 24 hours, with no oil or LNG tankers, signalling a disruption in global energy flows. Tehran has introduced alternative routes, citing sea mine risks, forcing ships into controlled navigation corridors. While Washington points to early signs of reopening, conflicting signals and heightened security risks continue to rattle markets, insurers, and shipping companies, leaving one of the world’s most crucial energy arteries in limbo.
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