Strait of Hormuz faces potential closure, impacting oil stockpiles. Traffic normal by July 31 at 42.5% YES, Bab el-Mandeb Strait closed by May 31 at 5% YES.

Twenty percent of the world’s natural gas and oil used to pass through the strait.

Chinese vessels exit the Strait of Hormuz amid opposition to Iranian tolls. Strait traffic by May 15 at 0.1% YES.

Iran imposes a $1M toll on Strait of Hormuz transits, affecting shipping. At least 20 ships to transit by May 31 at 68% YES.

Iran ships transit Hormuz freely amid US tensions. US blockade lift by May 31, 2026 at 23.5% YES.

US rejects Iran's proposal amid tensions. Strait of Hormuz traffic normal by December 31 at 76.5% YES.

US redirects 75 ships in the Strait of Hormuz amid rising tensions with Iran. Daily transits of 0-10 by May 31 at 70.5% YES.

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

A U.S. Army helicopter monitored ships amid ongoing blockade enforcement in the Strait of Hormuz. Transit of 20 ships by May 31 now at 46.5% YES.

Iran imposes a $2M toll for Strait of Hormuz transit, reducing ship transit odds. 20 ships transiting by May 31 now at 46.5% YES.

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

Iran conflict boosts coal demand as the Strait of Hormuz remains closed. Traffic returns to normal by July 31 at 42.5% YES.

Gulf freight rates rise amid ongoing disruptions in the Strait of Hormuz. Average daily transits of 0-10 by May 31 at 88% YES.

Qatar halts gas exports as the Strait of Hormuz remains closed. Traffic normalization by July 31 at 42.5% YES.

Strait of Hormuz faces potential closure, impacting oil stockpiles. Traffic normal by July 31 at 42.5% YES, Bab el-Mandeb Strait closed by May 31 at 5% YES.