Ships Transit the Strait of Hormuz in Secret as US-Iran Attacks Continue

• Iran claims the Strait of Hormuz is closed, while the US maintains it is open, creating uncertainty.
• Shipping traffic has slowed significantly, with some vessels turning off transponders ('going dark') to cross.
• Traders and shippers are hesitant to send vessels into the Gulf due to increased risk of attack or delays.
• Brent Crude and NY Crude prices are up over 4% as fresh hostilities flare up, indicating market concern over supply.

The Strait of Hormuz is experiencing significant shipping disruptions due to US-Iran tensions, with conflicting reports on its status. Shippers are exercising extreme caution, leading to delays and some vessels 'going dark' to transit. This geopolitical instability is causing concern among traders and impacting global energy markets, as evidenced by rising crude oil prices.