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Hormuz traffic at standstill as US vessel seizure widens risk

Posted on April 20, 2026
By Business News Today
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1 min read

Hormuz traffic at standstill as US vessel seizure widens risk

Commercial traffic in the Strait of Hormuz has halted again. This follows a brief reopening over the weekend which ended with the US seizing an Iranian ship. This action has raised concerns for shipowners. Benchmark oil prices have jumped. A fragile US-Iran ceasefire is set to expire soon.