Hormuz at Near Standstill as Iran Warns Ships to Stay in Its Waters

Shipping traffic through the Strait of Hormuz has ground to a near standstill despite the ceasefire, as Iran orders vessels to remain within its designated waters and comply with new transit protocols. The effective blockade continuation undermines the core promise of the ceasefire deal — that Hormuz would reopen to commercial traffic. Oil prices remain elevated around $100/barrel as the maritime standoff threatens to unravel the fragile truce.