Tanker explosion near Oman raises concerns over Strait of Hormuz security. Traffic normal by July 31 at 62.5% YES.

US redirects 100 vessels amid Iran's port blockade. Average daily transits of the Strait of Hormuz by May 31 at 74.5% YES for 0-10 ships.

US and Iran are nearing a ceasefire extension and Strait of Hormuz reopening. Traffic returns to normal by end of May at 8.3% YES.