Strait of Hormuz traffic normalizationIran has reportedly relocated tanks near the city of Abadan, suggesting preparations for potential military escalation. This development comes amid ongoing tensions with the United States, with recent U.S. strikes targeting the region as part of the 2026 Iran war. Market pricing suggests participants view this as potentially decreasing the likelihood of Strait of Hormuz traffic normalizing by the end of August. The recent military activity and ongoing conflict with the U.S. could indicate a prolonged disruption in the region. Developments such as a peace deal announcement or further military escalations will be critical indicators impacting the Strait of Hormuz traffic normalization market.