Ongoing tensions from the US-Iran conflict have kept Strait of Hormuz traffic at minimal levels since the February 2026 closure, with tanker and commercial transits dropping sharply after joint strikes and subsequent Iranian restrictions. A mid-June US-Iran understanding briefly allowed limited toll-free passage before collapsing amid renewed vessel attacks and a reinstated US naval blockade of Iranian ports. As of mid-August 2026, tracking data show sporadic daily movements—often just one or two vessels—despite Iranian statements tying full reopening to demands such as blockade relief and Oman-mediated route agreements. Recent strikes on ships and Iranian assertions of sole control over the chokepoint have sustained uncertainty, yet the persistence of at least some authorized or opportunistic transits has shaped trader views on whether a complete zero-transit day will occur before resolution. Negotiations and potential de-escalation steps remain key variables that could alter daily volumes.