Tanker movements through the Strait of Hormuz have slowed dramatically, with Rystad and Kpler saying traffic has basically stalled as the 60-day U.S.-Iran ceasefire looks increasingly fragile. Kpler data showed that only four tankers had passed through the waterway on July 8 so far, far below the average of about 32 vessels per day recorded since the June 17 ceasefire agreement. The sharp drop underscores how quickly geopolitical tension can disrupt shipping through one of the world’s most important oil transit routes.