As the U.S.-Iran cease-fire entered its 24th hour, traffic through the Strait of Hormuz remained virtually nil. Kpler’s ship‑tracking data showed no oil or gas tankers crossing since Tuesday, with only four bulk carriers managing the passage. The waterway, responsible for roughly a quarter of global oil shipments, sits at the centre of volatile Middle‑East logistics as insurers reassess risk premiums.

Iranian state media declared the strait “fully closed” on Wednesday, citing mines and the need for vessels to coordinate with the navy. A semi‑official IRGC outlet confirmed the halt followed recent Israeli strikes on Lebanon. Meanwhile, Kpler traced a Panamanian‑flagged tanker, the AUROURA, turning back mid‑channel, underscoring lingering uncertainty among shippers and insurers. The incident shows route fragility.

White House press secretary Karoline Leavitt labeled reports of a closure “false” and urged an immediate reopening, yet offered no clarity on current control. The sparse flow reflects both Iran’s technical constraints and merchant‑fleet wariness, keeping a vital conduit for a fifth of world gas in limbo. Energy traders are already adjusting positions. Investors watch the strait closely, as any disruption would pressure oil prices and regional trade.