“Strait is Open” op is now dead - except on Bloomberg or whatever. Reports suggest Iranian leadership say technical talks aren’t even on this week. Gasoline prices are rallying but to the extent prices have been held down, they’ll only empty inventories quicker over the summer.
🇮🇷🇺🇸 Maritime traffic through the Strait of Hormuz is back to the same level as it was during the wartime period
The MoU signed in Switzerland raised it from approximately 5-10 vessels a day to 15-20
Before the war, around 150-200 vessels passed through the Strait of Hormuz on a daily basis