The Strait of Hormuz is nearly empty today, with one notable exception: a sanctioned Iranian-linked tanker quietly heading back into the Persian Gulf.
The LOUIZA, formerly known as EURO FORTUNE, is OFAC-sanctioned for its ties to Iranian oil trade and is currently making its way toward an Iraqi port at around 10 knots.
Normal daily transits through the strait ran at 60+ ships. Right now it's closer to zero to 5 per day. On some days, traffic is running at roughly 1.5% of normal volume.
One sa...