One of the most overlooked developments in the global market is happening in the Strait of Hormuz. Despite the ceasefire agreement between the US and Iran, oil tanker traffic has yet to recover.

Historically, around 200-250 crude oil tankers passed through the strait each week.
However, the current traffic remains extremely low.
Shipping companies, insurance companies, and energy traders are not yet ready to fully normalize operations.
Previously, around 200-250 crude oil tankers passed through the strait each week. Currently, traffic remains extremely low, indicating that shipping companies, insurance companies, and energy traders are not yet ready to fully normalize operations.
The market may have dismissed geopolitical risks, but the actual flow has not.
The Strait of Hormuz handles approximately 20% of global oil trade, making it one of the world's most important energy choke points.
If we identify reduced traffic, a limited number of ships passing through the area, the oil market could face renewed supply pressures even without further military escalation.
The ceasefire may have eased some of the public attention.
But it has not yet restored confidence.