Open, Then Closed: Few Ships Sail Amid Hormuz Uncertainty

Hopes that shipping would resume through the Strait of Hormuz proved short-lived on April 18, with Iran's announcement that it was reopening the vital waterway being reversed just hours later and only a handful of vessels daring to attempt a passage. Oil prices had plunged following the initial reopening announcement the previous day, and shipping tracking data showed several vessels passing through the strait.