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.

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.

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

Iran controls parts of the Hormuz Strait, disrupting shipping. Average daily transits by May 31 at 86.5% YES for 0-10 ships.

US maintains naval blockade on Iran as Trump refuses concessions. Normal traffic in the Strait of Hormuz by July 31 at 43.5% YES.