Hormuz Shipping Traffic Falls to Single Digits, Data Shows

Not enough comparable past events yet for a historical read.

After 26 past bullish logistics events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (58% higher; middle half -5.1% to +9.5%), and +2.0% over 20.

• Sep 17, 2026Panama Canal stress shows the real shipping squeeze may still be ahead | Reuters-7.8%
• Mar 4, 2026Closure of the Strait of Hormuz causes urea, diesel prices to spike as planting season begins in Arkansas+12.2%
• May 21, 2026Iran war boosts Panama Canal traffic-8.7%
• Mar 12, 2026With the Strait of Hormuz choked by war, the Panama Canal reaps the benefits | CNN+10.6%
• May 21, 2026With the Strait of Hormuz closed, the Panama Canal is busier than ever. It should use this windfall wisely. - Atlantic Council-8.7%

After 22 past bullish logistics events, Crude Oil (Brent) moved a median -0.7% over 5 sessions (45% higher; middle half -5.7% to +4.5%), and -1.2% over 20.

• Dec 14, 2025Global shipping rates surge to multi-year highs, raising costs for oil, LNG-1.1%
• May 13, 2026Animal Nutrition Sector Supply Chain Execs Eye Gradual Normalization Should Hormuz Shipping Resume+5.1%
• May 21, 2026With the Strait of Hormuz closed, the Panama Canal is busier than ever. It should use this windfall wisely. - Atlantic Council-9.8%
• Mar 8, 2022Soaring bunker prices could hasten 'return to normal' for liner trades - The Loadstar-13.8%
• Mar 19, 2026US crude heads to Asia via Panama Canal as Iran crisis redraws trade flows | Reuters-6.2%