Tanker traffic through the strait remains very low as the U.S. and Iran try to enforce competing blockades during a fragile ceasefire agreement.

Ship traffic in the Strait of Hormuz is still way below normal levels before the war when more than 100 vessels crossed daily.

Iran's chief negotiator says "violations" by the US and Israel make it impossible to open the strait.

Iran refuses to reopen the Strait of Hormuz amid U.S. naval blockade, escalating tensions in the West Asia conflict.

Chances that traffic returns to normal fell below 50% on Wednesday, according to Kalshi bettors, despite the U.S. and Iran extending the ceasefire.

Tanker traffic through the strait remains very low as the U.S. and Iran try to enforce competing blockades during a fragile ceasefire agreement.