Commercial traffic through the Strait of Hormuz has nearly halted after a brief
reopening collapsed when the U.S. seized an Iranian vessel near Jask, the first
such action during the blockade. Transits have dwindled over seven weeks of war
as Iran tightened control. The incident heightened risks for shipowners and
pushed oil prices higher amid fears of a prolonged supply crisis. Analysts said
volatility will likely keep operators in a cautious wait-and-see mode.
