Framing Analysis
AXSMarine data recorded 25 commercial vessel crossings through the Strait of Hormuz on June 18, 2026, the highest single-day total since April 18. Pre-war daily averages stood at approximately 120 vessels according to Lloyd’s List, with traffic falling to 7.6 per day after the February 28 closure. An Iran-U.S. agreement to reopen the waterway was reported alongside the cancellation of Switzerland talks.