HORMUZ TRACKER: Strait Shut to Almost All Non-Iran-Linked Ships

The Strait of Hormuz remains effectively closed to almost all but Iran-linked traffic with the conflict in the Middle East now in its second week.

Oil markets reacted to Trump’s comment that the Iran war would resolve “very soon” with a big sell-off that saw benchmark prices tumble over 10%, before paring some losses on Tuesday morning. However, shippers — with people and vessels at risk — have taken a much more cautious approach.