🚢A two-week US-Iran ceasefire is now contingent on Iran reopening the Strait of Hormuz.
The test of whether the deal is real isn't in the headlines — it's in vessel transits.
@TheTerminal's WSL SHIPPING<GO> data shows traffic collapsed from ~100/day to ~4/day after February 28. That's a 96% drop in six weeks.
A genuine reopening should show up here relatively soon — assuming vessels keep their AIS transponders on, which many have been running dark through the crisis.
We'll be tracking it live, with 30-minute updates.