Hormuz traffic stays near zero as US-Iran talks stall at 100 days
Why it matters: Fewer than a handful of daily transits through the chokepoint are straining oil, fertilizer and fuel supplies from Asia to Europe.
Commercial traffic through the Strait of Hormuz remained near a standstill on June 5 as US-Iran talks showed no meaningful progress and the conflict approached the 100-day mark. Ship-tracking data cited by Bloomberg showed no commercial passages that morning, after just three transits in each direction on June 4, far below the more than 100 ships a day that used the waterway before the conflict began Feb. 28. Iran has tied any deal to a ceasefire in southern Lebanon and to the release of $24 billion in frozen assets. The disruption has raised pressure on global energy markets and supply chains, with S&P Global's Daniel Yergin warning that Asia is already facing fuel shortages and fertilizer disruptions while US drivers are seeing higher gasoline prices.