
Hormuz traffic is rebuilding, but the operating picture has not normalized. Tankers are returning while route authority, Iranian fleet movement and charterparty exposure remain live.…

A Russian LNG carrier has appeared in the Baltic with heavy weapons mounted near the bridge.The signal shifts boarding, close-approach and sanctions-enforcement risk around Russian…

Hormuz is open, but no longer routine.The day’s operating change is controlled passage under drone, mine, sanctions and route-authority pressure. 1. Hormuz Threat Raised to…