Hormuz shipping traffic muted with no deal

According to data from April 27, 2026, shipping traffic through the Strait of Hormuz continues to be muted with no sign of a US-Iran deal. The US naval blockade of Iranian ports and Iran's threats to close the strait have severely disrupted oil tanker movements. Traders and analysts report that shipping activity is down significantly compared to pre-blockade levels, and no breakthrough in negotiations is expected soon.