Basel

Shipping through the Strait of Hormuz remains effectively shut down, with just one vessel transiting on the latest day compared with a pre-war baseline of 97, keeping the seven-day average at roughly 3% of normal levels. By contrast, the Bab al-Mandab strait is holding at around 80% of pre-war traffic, averaging about 27 vessels per day. The figures point to a severe and sustained disruption to one of the world's most important oil and trade chokepoints.