Vessel traffic through the Strait of Hormuz dropped 52% amid US-Iran tensions. Fewer than 150 ships transiting the strait priced at 89.5% YES.

Iran closes the Strait of Hormuz, causing maritime traffic to drop. Traffic returns to normal by August 31 at 17.5% YES.

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