Hormuz Shipping Slows as US-Iran Ceasefire Lapses

Strait of Hormuz traffic slowed after the US-Iran ceasefire expired, with 95 confirmed transits from Aug. 10–16 (down from 118 the prior week) and daily crossings dipping to just a few at week’s end as negotiations stalled. The stalemate coincided with Iran signaling escalation, reports of an IRGC seizure of a UAE-owned tanker, and a rise in crude prices, while Maersk and Hapag-Lloyd reroute cargo via land bridges and face higher bunker costs amid ongoing security concerns affecting global shipping.