Hormuz Tracker: U-Turns Surge as Iran Recloses Strait

Source: bloomberg.com

TL;DR

The story at a glance

Bloomberg's Hormuz Tracker reports a short-lived rush of ships through the Strait of Hormuz on Saturday morning London time, followed by collapse after an Iranian broadcast declared the corridor closed again. Iran, via its Revolutionary Guard and state media, issued warnings heard by vessels, coinciding with reported gunfire and U-turns by freighters and tankers. This comes a day after Iran's foreign minister said the strait was open for commercial traffic tied to a Lebanon ceasefire, but the US maintains its blockade on Iranian ports.[[1]](https://www.bloomberg.com/news/articles/2026-04-18/hormuz-tracker-widespread-u-turns-take-place-amid-iran-warning?srnd=homepage-canada&embedded-checkout=true)[[2]](https://www.bloomberg.com/news/articles/2026-04-18/iran-broadcasts-to-ships-that-hormuz-is-shut-two-owners-say)

Key points

Details and context

The Strait of Hormuz, a narrow chokepoint between Iran and Oman, handles about 20% of global oil and significant LNG flows in normal times. Iran briefly reopened it Friday after Foreign Minister Abbas Araghchi's announcement linked to a 10-day Israel-Hezbollah truce in Lebanon, sparking a tanker dash and oil price drop—but hardliners and the IRGC quickly reversed course amid the ongoing US naval blockade.[[4]](https://www.wsj.com/world/middle-east/irans-hard-liners-flex-their-muscle-with-a-u-turn-over-hormuz-f6f70df1)

No commercial transits observed Sunday, grinding traffic to a halt and highlighting Tehran's leverage despite US pressure. This fits a pattern of sporadic openings, toll demands, mine threats, and route restrictions around Iranian island Larak since the US-Iran war escalated in late February 2026.[[5]](https://www.pbs.org/newshour/world/irans-military-closes-strait-of-hormuz-again-citing-u-s-blockade)

Key quotes

Why it matters

The strait carries a fifth of world oil, so disruptions threaten supply chains from Gulf exporters like Saudi Arabia and Qatar to Asia and Europe. Shipowners face higher insurance, delays, and risks, while energy firms and traders deal with volatile prices and rerouting costs. Watch for US boarding actions on Iran-linked vessels or IRGC escalation, though peace talks in Pakistan could shift dynamics if a deal emerges.[[6]](https://bloomberg.com/latest/war-with-iran)