Hormuz shipping collapse

- Shipping through the Strait of Hormuz dropped to only five vessels in a 24‑hour window after Iran seized two container ships, sharply compressing a vital sea lane. - Reuters counted just five ships transiting the strait in that 24‑hour period after the seizures, an extraordinary traffic collapse. - Fewer sailings raise immediate risks to fuel, insurance and container availability that can push freight costs and lead‑time volatility for imported lab goods. (reuters.com)