StockDriftsStockDrifts2026-03-27 19:30 CET
CRITICAL: Hormuz vessel traffic at 136/day (-75.2% vs baseline). Peak drop: -81.4% on Mar 24 (102 vessels). Bab el-Mandeb already at rock-bottom from Houthi attacks (45-60/day vs 3,000+ at Malacca). Suez and Malacca flat.
Source: Global Fishing Watch Sentinel-1 SAR vessel detections
Hormuz Daily Vessels
Pre-war avg: 548/day
Bab el-Mandeb
Pre-war avg: 129/day
Suez Canal
Pre-war avg: 286/day
Malacca Strait
Pre-war avg: 3128/day
Sentinel-1 SAR + AIS matched detections | Feb 15 – Mar 27, 2026
Pre-War Average
548
vessels/day
Current (Mar 27)
136
vessels/day
Change
-75.2%
vs pre-war
Lowest Day
102
Mar 24
Peak Drop
-81.4%
from baseline
Insurance killed Hormuz before the military did. Premiums 0.25% → 10% in 72 hours (40x). VLCC transit cost went from $300K to $12M per crossing.
$12M
VLCC transit cost (peak)
Suez & Red Sea Detail (lower scale — hidden above due to Hormuz dominance)
Pre-War (Feb 15)
0.25%
~$300K per VLCC
Day 1 (Feb 28)
0.75%
3x overnight
Day 3 (Mar 2)
5.00%
P&I clubs withdraw
Peak (Mar 9)
10-15%
$12M per VLCC transit
Hormuz collapsed 75%. Bab el-Mandeb already depressed from Houthi attacks. Suez and Malacca flat.
Red = current level, Orange = peak disruption (worst day)
Key events driving the disruption
Iran announces blockade of Strait of Hormuz.
Major P&I clubs withdraw standard coverage.
Premiums hit 15%; VLCC transits cost $12M.
Hormuz traffic drops to 102 vessels/day (-81%).
20% of global LNG, 21M bbl/d crude oil transit
136
Current
-75.2%
vs Pre-War
-81.4%
Peak Drop
12% of global trade, Mediterranean-Red Sea link
303
Current
+6.1%
vs Pre-War
-11.8%
Peak Drop
25% of global trade, Indian-Pacific ocean link
3101
Current
-0.9%
vs Pre-War
-7%
Peak Drop
Red Sea entrance, wider area (already reduced from Houthi attacks since 2024)
103
Current
-19.9%
vs Pre-War
-23.8%
Peak Drop