Trade. Risk. Regulation. Operations.
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DeepDraft SITREP | Celestial Sea Boarding Extends Hormuz Enforcement: U.S. Searches Iranian Tanker as Bonny Collision Grounds Two Vessels (May 22, 2026)
U.S. forces boarded and redirected the Iranian-flagged M/T Celestial Sea in the Gulf of Oman.The same 24-hour cycle produced a separate Bonny casualty, with two…
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DeepDraft SITREP | Hormuz Transit Control Hardens: 6 Million Barrels Clears Under Iran-Directed Routing as Singapore Bulker Collision Adds Navigation Signal (May 21, 2026)
Hormuz crude movement has resumed, but not as normal passage.Transit is now shaped by permission, routing control, payment risk and sanctions exposure, while Singapore Strait…
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DeepDraft SITREP | Skywave Seizure Extends Hormuz Risk: Indian Ocean Interdiction Pushes Iran-Linked Tanker Exposure Beyond the Strait (May 20, 2026)
The reported U.S. seizure of Skywave shifts the Hormuz crisis from chokepoint control to extra-regional tanker enforcement.Indian Ocean routes, STS areas and Iran-linked crude chains…
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DeepDraft SITREP | Hormuz Transit Control Hardens: Agios Fanourios I Movement, Strike Pause and Fee Mechanism Keep Passage Permissioned (May 19, 2026)
Hormuz remains permissioned, not normalized.A reported VLCC movement, postponed U.S. strike and Iranian fee mechanism confirm that passage now depends on clearance, naval posture and…
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DeepDraft SITREP | Cuba Cargo Access Shock: CMA CGM and Hapag-Lloyd Booking Freeze Meets Active Hormuz Permission Risk (May 18, 2026)
Two major liner operators have stopped Cuba bookings while Hormuz remains under reduced-transit security pressure.The day’s operating picture is mixed-sector: cargo access, sanctions screening, Gulf…