Over 80% of commercial vessels are now bypassing the Strait of Hormuz, opting for alternative routes following recent attacks and heightened tensions between Iran and the US.
The shift in maritime traffic comes as Donald Trump maintains that the Strait remains open, despite Iran's claims of control and threats to escalate if diplomatic deals fail.
Global oil prices have risen for the fourth consecutive day as markets react to the uncertainty surrounding the security of this critical energy chokepoint.