Strait of Hormuz tanker traffic remains 90–95% below pre-war levels, with most vessels now switching off transponders, making it far harder to track global oil and LNG flows.

Iran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is widespread. This makes it harder to gauge…

Insiders see little chance of freight rates returning to prewar levels anytime soon, due to both shifting trade flows and the evolving strategies of fleet operators and traders.