Iran closed the Strait of Hormuz, causing ship crossings to drop over 50%. Fewer than 150 ships transiting the strait priced at 77% YES.

Iran closes the Strait of Hormuz, warning against unauthorized shipping. Traffic normal by July 7 at 0.1% YES, by July 31 at 5.5% YES.

Iran closes the Strait of Hormuz amid US tensions. Traffic normalization by August 31 at 19.5% YES.