Woofun AI reports that vessel traffic through the Strait of Hormuz declined by nearly 50% to 127 ships for the week ending July 19, compared to 248 ships the previous week. This disruption coincides with Brent crude briefly hitting $91.63 per barrel before settling at $91.26, while West Texas Intermediate rose 2.3% to $84.38.

Indian state-owned refiners Indian Oil and Mangalore Refinery and Petrochemicals have suspended crude loading from Iraq. Maritime data indicates operators are largely abandoning the US Navy escort corridor in favor of Iran's northern passage. Goldman Sachs estimates Persian Gulf crude shipments have fallen to below 45% of pre-war levels.