Latest update on the Strait of Hormuz: No commercial ships have entered in the past 24 hours, except for Iranian vessels all traffic is prohibited.

As the Middle East conflict enters its second week, the Strait of Hormuz has effectively been almost completely closed, with almost all other vessels besides those related to Iran being prohibited from passing through. Earlier, Trump said that the war with Iran would "end very soon." This statement led to a significant sell-off in the oil market, with benchmark oil prices plummeting by over 10%. Although the decline narrowed on Tuesday, shipping companies are still taking an extremely cautious approach due to the direct threat to personnel and vessel safety. Vessel tracking data shows that maritime traffic entering the Persian Gulf has come to a complete standstill in the past 24 hours. Only two bulk carriers heading out have been observed, along with a few vessels related to Iran, including a super tanker, a container ship, and a bulk carrier. Due to signal interference and disabled transponders on vessels, it is currently difficult to accurately monitor the maritime traffic situation in real-time, resulting in a lot of abnormal information on ship positions and speeds in tracking data. Vessels leaving the Gulf often wait until they are far from high-risk areas before they resume transmitting accurate location signals, which means that a large number of vessels are currently hidden, and their paths will reappear in satellite data in the coming days. Vessels entering the conflict area may also disable their transponders, so historical tracking data may still need to be adjusted later. No vessels have been observed entering the Persian Gulf in the past 24 hours. Although some vessels have managed to successfully pass through the strait, the majority of global shipping capacity remains trapped on either side of the strait until the maritime security situation improves. Following multiple attacks by Iran on several merchant ships in retaliation for US strikes, maritime traffic through the waterway has been largely disrupted, with missile and drone attacks posing a deadly threat to all nearby vessels. Note: Due to vessels being able to turn off their Automatic Identification Systems (AIS) before reaching the Strait of Hormuz, this monitoring covers a large area including the Gulf of Oman, Arabian Sea, and Red Sea, aggregating automatic positioning signals to identify vessels that may be entering or leaving the Persian Gulf. In case of suspected vessels attempting to pass through, their signal history will be verified to assess the validity of their sailing trajectory, or whether it is a false position caused by electronic interference. If vessels do not turn their transponders back on, some voyages may not be monitored. Iranian-affiliated oil tankers typically turn off their AIS signals for the entire journey out of the Persian Gulf until they reach the Malacca Strait about 10 days later, while other vessels may also employ similar tactics to remain undetected in tracking systems for several days.