Tanker traffic through the Strait of Hormuz decreased significantly following renewed hostilities between Iran and the US. An attack on the container ship Ever Lovely last Thursday caused some shipowners to pause transit due to safety concerns. In response, US military strikes were carried out against Iran on Friday and Saturday. These strikes were in retaliation for attacks on two vessels near the Strait of Hormuz. An Iranian attack on the oil tanker Kiku on Saturday, while it was in the Strait, prompted further US retaliatory strikes. The Kiku was carrying over two million barrels of crude oil. CENTCOM stated Iran had an opportunity to observe a ceasefire but chose not to. These exchanges test the ceasefire and shipowners' willingness to navigate the Strait. Ship-tracking data indicates a substantial reduction in vessel transits since a peak on June 24th. Despite reports of a ceasefire agreement and planned talks, a return to normal traffic is uncertain due to ongoing volatility.