The Strait of Hormuz May Reopen, But the System Has Already Broken | Metals Mine

  • The Strait of Hormuz May Reopen, But the System Has Already Broken

    From oilprice.com

    The market will panic when the Strait of Hormuz closes. When it reopens, policymakers will all feel relieved. At present, we are all witnessing this in real time, but reality is definitely the opposite. The latest data coming out in April 2026 should put an end to that illusion. Even after repeated announcements by Iran and the USA that Hormuz was “open,” real-time, actual maritime traffic only shows evidence of a near collapse. Markets are still struggling to get to grips with the fact that, during the opening of Hormuz, vessel traffic levels are still extremely low, sometimes as low as three vessels per day, ... (full story)

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Trader#CDFE
Apr 26, 2026 7:30am
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this is a shit show.
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Chancy
Apr 26, 2026 12:15pm
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Between 3,000 to 3,200 ships stuck in the Persian Gulf according to the IMO, International Maritime Organisation.
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Trader#A03A
Apr 26, 2026 12:25pm
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The Petrodollar is already falling apart... Chinese Yuan entering the picture, plus China is selling US bonds... thanks Trump for needlessly ruining a working system without any plan to prevent the disaster ahead.
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Trader#53B6
Apr 26, 2026 10:08am
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anyone who thinks it is going back to the way it was is smoking crack and having "pipe dreams"
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Trader#8BCB
Apr 26, 2026 10:56am
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Petrodollar - bye bye bye
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Trader#F729
Apr 26, 2026 12:34pm
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Then someone will figure out an arbitrage opportunity (shipping through Hormuz and charging a premium) and will become very rich (or dead while trying), and the whole circus will restart again...
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