Hormuz has reopened into a controlled-risk operating environment, not a clean commercial reset. Traffic is moving again, but the week’s signals point in three directions at once – route authority remains contested, casualty consequences are becoming measurable, and vessels delayed in warm Gulf waters may return with hidden performance penalties below the waterline. For masters … Continue reading DeepDraft Weekly Maritime Brief | July 5, 2026: Hormuz Route Control Now Carries Fleet-Loss and Hull-Performance Risk