only two supertankers transited the strait of hormuz on a single day, down from a pre-conflict average of 125-140 daily sailings, following intensified us-iran military activity. roughly a fifth of the world's oil normally moves through this passage; a near-standstill of this magnitude is a structural event, not a fluctuation. a handful of lng tankers re-entered to load cargo despite iranian attacks on shipping, a sign of how much money is willing to accept the risk.