Hormuz traffic plummets as Iran asserts control

Iran's strengthened maritime control has disrupted critical shipping lanes in the Strait of Hormuz, resulting in a significant 20% reduction in global oil supply. Approximately hundreds of vessels now face unprecedented delays as they await clearance to traverse this strategic waterway. This geopolitical development has major implications for international energy markets and raises concerns about supply chain stability. The situation underscores the vulnerability of global commerce to regional tensions and the strategic importance of Middle Eastern chokepoints in worldwide trade.