Latest / The 47 Morning Update with Ben Ferguson
Closed? Not Even Close—Oil Keeps Moving, but So Do Red Flags
1. Strait of Hormuz Situation Iran claimed multiple times that it has closed the Strait of Hormuz. However, actual shipping traffic continued, including oil and LNG tankers. U.S. Central Command (CENTCOM) stated: Iran does not control the strait Passage remains open and monitored Data cited: ~55 merchant ships transit per day ~17 million barrels of oil moving through 2. Maritime Risk & Behavior Ships are: Turning off AIS tracking systems for safety Operating cautiously due to military tensions Traffic has: Fluctuated (e.g., 26 ships one day → 5 the next) Not returned to “normal…
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