Brent crude holds steady despite a plunge in traffic in the critical waterway.

Despite renewed U.S.-Iran military exchanges, some tankers continue transiting the Strait of Hormuz while others delay or reverse course as security risks intensify.

Renewed U.S.-Iran military clashes have sharply reduced tanker traffic through the Strait of Hormuz, sending oil prices higher and renewing fears of supply disruptions.

The traffic slowdown comes after Iranian attacks on vessels prompted US strikes, while President Donald Trump declared that the ceasefire with Iran was over