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strikeAug 24, 2026

Fewer than 20 ships cross Strait of Hormuz over weekend as US-Iran blockades choke key oil route

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Initial data from shiptracker Kpler showed just four vessels crossed the strait on Sunday, down from 13 on Saturday and Friday's tally of 16. The figures could still be revised upward, as some ships had switched off their transponders while transiting. Also read: The Hormuz crude volume debate masks the real shortage of refined fuels On Friday, two empty very large crude carriers (VLCCs) entered the Gulf with their tracking devices switched off, one bound for Iraq, the other for Bahrain. A VLCC carrying 2 million barrels of Emirati crude had exited the strait on Thursday. Eight very large gas carriers transited the strait over the past three days, with six entering empty and the remaining two exiting the Gulf loaded with liquefied petroleum gas (LPG) sourced from Iran. Traffic near three-month lows Overall volumes stayed suppressed through the week to August 21, with vessels either aborting transit plans altogether or rerouting through the strait's northern corridor following renewed attacks, the United Kingdom Maritime Trade Operations (UKMTO) agency said in its latest report. A total of 89 vessels exited the strait while 103 entered over the seven-day period, AIS-based data in the report showed. "Traffic remains well below normal levels, with AIS-detected transits approximately 90% below pre-conflict baselines and declining since the June 24 to June 26 peak," UKMTO said. Tankers continued to dominate movement through the chokepoint, accounting for 45% of total traffic. Of these, 56% carried crude oil, oil products or chemicals, while LPG carriers made up a further 24%. Also read: 'Vessels violating Iranian protocols for Strait of Hormuz' shall face fines, detention, confiscation: Iran Since July 6, UKMTO has logged 23 incidents of projectile strikes on vessels in the strait and its vicinity, causing bridge, engine-room and structural damage. Bab el-Mandeb traffic also thins A total of 24 commodity vessels sailed through the Bab el-Mandeb strait on Sunday, down from 32 on Saturday, itself an increase from 22 on Friday, Kpler data showed. Two VLCCs entered the Red Sea on Saturday, one carrying Iraqi Basrah crude, the other empty. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel) Explore More Stories

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    Initial data from shiptracker Kpler showed just four vessels crossed the strait on Sunday, down from 13 on Saturday and Friday's tally of 16. The figures could still be revised upward, as some ships had switched off their transponders while transiting. Also read: The Hormuz crude

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Iran’s rial hit rock bottom on Monday, falling to a record low as Washington prepared what it called an “economic D-Day”. The fresh sanctions are set to pile more pressure on an economy already battered by existing restrictions and a US naval blockade.

The rial fell to 2.02 million against the US dollar when informal currency markets opened. While Iran’s official Central Bank rate was around 1.5 million rial to the dollar, the informal market rate is the one most Iranians pay. The currency was already in trouble before the US and Israel attacked Iran on February 28, with the economy facing double-digit inflation and negative growth.

Nearly six months of war have since pushed the rial to fresh record lows. But the currency’s slide has not translated into the concessions US President Donald Trump has been seeking from Tehran. Iran continues to maintain a firm grip over shipping through the Strait of Hormuz, a crucial waterway through which a fifth of the world’s traded oil moved freely before the war.

Iranian attacks and threats during the conflict have severely hampered traffic through the strait. Iran, Oman work on Hormuz plan As tensions over the waterway continue, Iran and Oman are reportedly close to agreeing on a plan for jointly managing the Strait of Hormuz.

Regional officials said the proposed arrangement would allow ships to enter the Persian Gulf through an Iranian-controlled route and leave through a route controlled by Oman, which lies on the opposite side of the strait. The development comes amid increasingly sharp criticism of Oman from Trump.

The US president has threatened to bomb the American ally if it “gets in the way.” Oman’s foreign minister was scheduled to travel to Iran on Tuesday for another round of talks. US works on tougher sanctions Washington, meanwhile, is looking to raise the economic pressure further.

US Treasury Secretary Scott Bessent said on Monday that the administration would announce sanctions stronger than those already imposed, including secondary sanctions against countries that continue to do business with Iran. “President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” Bessent wrote in an opinion piece in the Financial Times on Sunday.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.” The pressure has already begun to affect Iran’s trading relationships. The United Arab Emirates announced last week that it was suspending all trade with Iran, a day after Trump spoke to UAE leader Sheikh Mohammed bin Zayed Al Nahyan.

The UAE has long been one of Iran’s biggest trading partners and its largest source of imports. It has also been an important re-export and financial hub for Iranian businesses. Iran has warned countries against backing the new US measures. Mohsen Rezaei, the hard-line leader of Iran’s Supreme National Security Council, said in a post on X that support by any country for the new American economic measures would be regarded as an “act of war.

Location: Tehran
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Six months into a war that began on 28 February 2026, with strikes that killed Iran’s supreme leader, Washington has stopped choosing between diplomacy, economic siege, and military force. It runs all three at once. The Trump administration frames this as a sequential strategy.

It is not. Diplomacy has collapsed twice. The naval blockade has hardened into policy. American warplanes have struck Iranian territory as recently as May. Tehran still refuses to move a single tanker through the Strait of Hormuz on Washington’s terms.

This is not a menu of options. It is a stalemate with a body count. To understand why Tehran will not bend, look past this month’s headlines. Look to August 1953. The Ghost of Operation Ajax Iran’s distrust of American promises did not begin with the Islamic Republic.

It began with a coup. In 1953, CIA operative Kermit Roosevelt Jr.—grandson of Theodore Roosevelt—orchestrated the overthrow of Prime Minister Mohammad Mossadegh after Mossadegh nationalized the Anglo-Iranian Oil Company. Roosevelt’s team spent CIA cash to buy street mobs, bribe newspaper editors, and manufacture the appearance of popular revolt.

Mossadegh fled his residence in his pajamas. He surrendered a day later. President Eisenhower was delighted by the outcome and asked for a personal briefing on the operation. He praised Roosevelt’s diligence in his private diary, though he never admitted American involvement in public.

The restored Shah understood exactly what had happened. He reportedly credited Roosevelt directly: “We were all heroes.” Iranians understood it too, and they did not forget. When the monarchy finally collapsed in 1979, memory of 1953 fed directly into the revolution’s anti-American character.

This is not ancient history to Tehran’s current leadership. It is the founding trauma that shapes how the Islamic Republic reads every American ultimatum today: as Operation Ajax with better technology. Khomeini’s Doctrine Still Runs the Playbook The second inheritance is ideological.

Ayatollah Ruhollah Khomeini did not see Iran’s 1979 revolution as a national event. He saw it as a template. He argued Iran must actively export its revolution rather than hope other nations copy it, because Islam recognizes no border between Muslim countries and casts itself as the champion of all oppressed people.

That doctrine produced the regional network Washington now fights indirectly: militias in Lebanon, Iraq, Yemen, and Gaza, all describing themselves in the language of resistance against Western and Israeli power. It also produced a domestic political culture built around endurance rather than compromise—what Iranian officials have long called the “resistance economy.

” Current IRGC messaging echoes this almost word for word. Commanders have long argued that sanctions place Washington in a strategic dead end, because the enemy loses whether or not the pressure continues. The current showdown is the ideological terrain Washington’s three tracks now move across.

READ: Iran warns ships in Strait of Hormuz of fines, detention and confiscation Track One: Diplomacy, Twice Collapsed The interim Memorandum of Understanding, signed in June, gave both sides sixty days to reach a final deal on Iran’s nuclear program and sanctions relief.

It was already the second attempt at a ceasefire; the first, reached in April after Trump warned that “a whole civilization will die tonight,” had unraveled within weeks over disputes about Hormuz shipping routes. The June MOU fared no better. Iran began targeting vessels it said bypassed its approved corridor.

Washington answered with intensified strikes. That deadline expired on 17 August with no deal, no extension, and Trump publicly rejecting further negotiation. Backchannel efforts continue through Oman and Qatar. None have produced a public breakthrough.

Diplomacy is not paused. It is dead until one side changes its core demand. Track Two: The Siege Tightens Economic pressure is no longer a threat. It is the active center of American strategy. Trump has promised what he calls “the most crushing economic operation ever taken against any country,” warning that any nation helping Iran evade sanctions will face severe financial penalties of its own.

Treasury Secretary Scott Bessent has pledged measures “never been seen” applied against Iran before. The blockade is already biting: Strait of Hormuz traffic sits at roughly twenty percent of its prewar average, according to UK maritime tracking data cited by CNN.

American drivers are paying nearly a dollar more per gallon than a year ago. Iran is not absorbing this quietly. A close ally of Iran’s supreme leader responded to the new sanctions push by insisting Tehran “will not submit.” Track Three: The War Washington Won’t Call a War Here is the framing error worth correcting before this piece runs: military conflict is not a future option Washington might choose after the November elections.

It has already happened repeatedly. Israeli and American strikes killed Iran’s supreme leader and senior commanders on the war’s opening day. The US struck Iranian military sites again in May, after Iranian forces targeted American warships during the blockade.

Iran has fired missiles and drones at neighboring states hosting US bases. Trump has floated redrawing the map itself, telling a New York rally he would soon declare the Strait of Hormuz “land belonging to the United States.” None of this reads like restraint ahead of an election.

It reads like a war that periodically pauses for negotiation rather than a negotiation periodically interrupted by war. Conclusion: A Siege With No Exit Ramp Trump’s original bet—that economic pain would force Tehran back to the table on American terms—assumed Iran could be starved into surrender without further fighting.

Six months of evidence suggests otherwise. Every round of pressure has produced a retaliatory strike, a closed shipping lane, or a defiant statement from Tehran, not capitulation. The three tracks are not alternatives to war. They are war, conducted through different instruments simultaneously.

Until one side abandons its core demand—Washington on sanctions relief, Tehran on control of Hormuz—the siege will not end the fighting. It will keep feeding it. OPINION: Iraq is negotiating away its militias’ guns. It is not negotiating away their impunity.

The views expressed in this article belong to the author and do not necessarily reflect the editorial policy of Middle East Monitor.

Location: Iran
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Location: Tehran
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US Set to Unveil Fresh Iran Sanctions as Rial Hits Record Low US Treasury Secretary Scott Bessent is expected to announce a fresh set of economic measures against Iran, as Washington pivots from strike threats to tougher sanctions as a way to end the near six-month war.

Bessent will unveil details of a plan to more effectively isolate the Islamic Republic later Monday, building on already extensive sanctions that have been in place for decades. It’s unclear what will be announced, but the move may impact some of Iran’s largest trading partners, including China, Turkey and India.

Location: Iran