Splash Wrap: Hormuz at a standstill

Splash 24710 Jul 2026Macro
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Traffic through the Strait of Hormuz came to a near standstill after US strikes on Iran, with president Donald Trump declaring the ceasefire between the two countries “over.” The escalation followed attacks on three commercial vessels transiting the strait on July 6 and 7. Ukraine has sharply escalated its campaign against Russian shipping and oil …