US plans to enforce a blockade of Iranian ports starting July 14. Strait of Hormuz traffic normalizing by August 31 at 15.5% YES.

Iran warns ships at risk in the Strait of Hormuz amid rising tensions. Traffic normalization by August 31 at 17.5% YES.

US naval blockade in the Strait of Hormuz delayed pending notice. Ship transit of 60 or more vessels by July 31, 2026 at 8.5% YES.