Commercial vessel traffic through the Strait of Hormuz has effectively ground to a halt following a series of US-Iranian military strikes earlier this week.
The sharp contraction in maritime activity marks a severe escalation in the region's instability, with the UN-backed Omani maritime route seeing the most significant drop in transits since Wednesday.
The collapse in shipping volume underscores the immediate physical risk to one of the world's most vital energy corridors.
With commercial vessels avoiding the waterway, the threat of prolonged supply disruptions looms over global energy markets.
This development follows a weekend where traffic had already fallen to just five ships after a vessel was struck while transiting the strait.
The geopolitical shockwave from the strikes is reverberating through financial markets, where investors are pricing in heightened supply risk.