Strait of Hormuz crossings drop 60% amid US-Iran tensions

Maritime traffic monitor Kpler has reported a significant decrease in vessel crossings through the Strait of Hormuz, with only six crossings recorded on Thursday, marking a 60% decline from the previous day. This development is part of the ongoing 2026 Strait of Hormuz crisis, which involves heightened tensions between Iran and the United States over maritime security in the Persian Gulf. The Strait of Hormuz is a crucial global energy transit route, and such a substantial reduction in crossings suggests a continued high-risk environment rather than a return to normal traffic levels. Additional reports indicate a related decline in traffic through the Bab al-Mandeb Strait, another vital maritime chokepoint affected by regional tensions, including those linked to the Iran-U.S. confrontation. Key Takeaways Kpler’s report of reduced crossings in the Strait of Hormuz suggests persistent disruptions in this critical maritime corridor. The drop in traffic through both Hormuz and Bab al-Mandeb appears consistent with ongoing regional instability and tension. Market pricing indicates a decreasing likelihood of Strait of Hormuz traffic normalizing by the end of September. What to Watch Obse...