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At a Glance Operational Overview  36% of transits seen March 31 were on US-sanctioned vessels, while 27% were Greece-owned bulk carriers shipping agricultural commodities to or from the Islamic Republic. This highlights how the selective blockade of the Strait of Hormuz is benefiting Iran. Strait of Hormuz Transit and Selective Denial Transit through the Strait…

At a Glance The First Month of the Iran War at Sea One month after the launch of Operation Epic Fury, the maritime system is no longer reacting to disruption. It is operating within it. The first days of the conflict triggered an immediate collapse in commercial confidence. Tankers halted, insurance coverage was withdrawn, and…

At a Glance Operational Overview  Transit through the Strait of Hormuz remains controlled rather than open, but throughput is increasing. On March 30, six AIS-transmitting vessels crossed the corridor, while additional movements likely occurred under partial or fully dark conditions. At the same time, vessel activity at Bandar Abbas provides visibility into how this system…

At a Glance Operational Overview  Global oil and maritime markets are now facing simultaneous pressure across three critical export nodes. The Strait of Hormuz remains effectively closed under selective IRGC-controlled transit. Ust-Luga has sustained its fifth UAV attack in seven days. Yanbu is operating as the primary alternative outlet for Gulf crude while facing a…