Hormuz’s Stalled Recovery: Two Strikes and Suspended Evacuation

AI Summary

Despite being technically open, the Strait of Hormuz is severely impaired for commercial shipping due to two recent kinetic incidents and suspension of an IMO evacuation corridor. Transit volumes remain approximately 90% below pre-war levels, reflecting ongoing risks and operational challenges in this critical maritime corridor.

The Strait of Hormuz is technically open, but it is not functioning as commercial infrastructure. Two kinetic incidents in 72 hours, an IMO evacuation corridor suspended without a resumption date, and total daily transits averaging approximately 13, roughly 90% below pre-war levels, collectively describe a corridor that is open in name but operating well below ...