But despite the opposition, Iran has already imposed an illegal toll system on the Northern passage of the Strait. Lloyd’s List data shows there has been a 24% drop in traffic by non-sanctioned, non-shadow fleet tankers week on week in the Red Sea. It does fluctuate a lot week on week, so I wouldn’t necessarily link it to this situation quite yet. Last week there was an 87% increase in total transit through the Strait of Hormuz according to Lloyd’s List data. “From a major liner operator perspective, the situation remains predictably unpredictable,” said Neil Dekker, Senior Analyst, of Infospectrum, part of Lloyd’s List Intelligence.