Strait of Hormuz traffic near‑standstill

- Ship traffic through the Strait of Hormuz has fallen to near‑standstill levels amid the Iran war, disrupting global oil and gas flows. - NBC tracking and Reuters reported the choke is affecting about 20% of the world’s oil and gas supplies and pushing energy prices higher. - The shutdown is already influencing fuel and goods costs and pressuring rerouting and insurance markets, per NBC and Reuters. (nbcnews.com) (reuters.com)