Trump: We will be fighting Iran for some time.

After U.S.-Iran fighting resumed, several ships have completed dark transits of the Strait of Hormuz by switching off AIS transponders while visible traffic has fallen sharply. Bloomberg-cited Kpler preliminary data show six bulk commodity carriers that crossed the strait last Sunday had AIS turned off. Over the past three days dark transits outnumbered visible passages; AIS tracking showed no recorded transits early Monday. Some vessels reappeared on both sides of the strait after last publicly reporting positions on the opposite side, consistent with transit with AIS disabled. Visible passage along the southern Oman-coast route has effectively stopped since last Wednesday; Iran-designated northern safety corridor still saw a small number of vessels through last Saturday. Iran has recently attacked ships using the Oman route, including vessels that had switched off transponders, which appears to have reduced activity on that corridor.

Dubai's main stock index fell 1% in early trading.