Vessel traffic through the Strait of Hormuz is plunging after Iranian attacks on three commercial ships and US airstrikes; the US declares the ceasefire over and revokes Iran's authorization to sell oil.Kpler and maritime firms report crossings falling to as few as 13 tankers on a recent day and to 23 in other counts, with many vessels switching to Iran's northern route, shutting off transponders, or waiting in port.Oil prices jump more than 6%,
Windward calls the response the most significant escalation since the conflict began, and talks between
Iran and
Oman over administration and possible transit fees complicate prospects for reopening the strategic waterway.