Energy — Strait of Hormuz Frozen Again After Iran Fires on Ships; Global Oil Inventories Approach Record Lows as Crisis Reshapes Energy Flows Worldwide

Energy · 2026-04-23

TODAY'S SIGNAL — The Strait of Hormuz crisis has entered a new and more dangerous phase. After Iran fired on three vessels Wednesday, maritime traffic through the chokepoint effectively ceased — one bulk carrier attempting to exit, zero entering. This comes despite Trump's indefinite ceasefire extension, which maintains the U.S. naval blockade Iran considers a provocation. The commercial reality…