Windward

At a Glance The UK has sanctioned 27 tankers in its latest sanctions package , including four LNG carriers that Russia quietly purchased in the first quarter of 2026, becoming …

At a Glance Russian-flagged and Russian-linked vessels have been observed exhibiting behavior over European subsea cables with no commercial explanation , including zig-zagging, loitering, AIS gaps, and uneconomic routing directly …

At a Glance The U.S. and Iran have agreed to end the conflict in the Strait of Hormuz, with the agreement set to be signed on Friday and Iran reporting …

At a Glance AIS-visible commercial traffic through the Strait of Hormuz remained near zero across the June 11–14 reporting period. A cargo barge carrying civilian goods was reportedly struck by …

At a Glance AIS-visible traffic fell to just five transits during the June 10–11 reporting period, among the lowest levels observed since the conflict began. SAR imagery detected three dark …

At a Glance Operational Overview The June 5–10 reporting period shows a maritime environment under tightening enforcement, but not full immobilization. While Iranian crude exports remain heavily constrained, limited LPG …

At a Glance At least 12 Western-sanctioned Russian shadow fleet tankers have made repeated transits around Great Britain rather than through the English Channel, avoiding UK coast guard scrutiny. Eleven …

At a Glance Iranian crude and condensate exports fell 84% month-on-month in May to the lowest level since February 2020. month-on-month in May to the lowest level since February 2020. …

At a Glance AIS -only monitoring is no longer sufficient for cable protection , with more than 2,700 events globally where vessels remained near cable routes for over 24 hours, …

At a Glance Smuggling networks have outpaced conventional screening , with cocaine seizures alone hitting record levels across European ports while the underlying vessel-level behavioral signals were visible weeks or …

At a Glance ~73 IRGCN small craft surrounded a stationary container vessel in East Hormuz on May 31, the most direct kinetic engagement against commercial tonnage in the current cycle. …

At a Glance Commercial cable operators are increasingly expected to defend against sabotage and hostile state activity, but the authority to challenge, board, or remove vessels operating near critical assets …

At a Glance The Claims Environment Forced the Conversation The Francis Scott Key Bridge collapse did more than produce a market-defining loss. Howden Re’s revised assessment puts insured losses above …

At a Glance As of day 89 of Operation Epic Fury , commercial transit volume has collapsed approximately 94% versus the pre-conflict baseline and has not normalized. versus the pre-conflict …

At a Glance Iran’s Persian Gulf Strait Authority (PGSA) extended its claimed zone boundary to the UAE coast south of Fujairah on May 20, asserting administrative authority over the maritime …

At a Glance Iran has activated the Kuh Mubarak offshore loading buoy on its Gulf of Oman coast as a recurring export node , lifting approximately 6.9 million barrels of …

At a Glance Of the dozens of submarine cables crossing the Middle East Gulf, only two — FALCON and GBI (Gulf Bridge International) — pass directly through Iranian territorial waters, …

At a Glance Iran is moving to formalize a state-administered transit-toll regime under the new Persian Gulf Strait Authority (PGSA) , with reported per-transit payments of up to $2 million …

On May 16, 2026, the chairman of Iran’s Parliament National Security and Foreign Policy Committee, Ebrahim Azizi, confirmed that Tehran will “unveil soon” the full details of a new mechanism …

At a Glance Of the dozens of submarine cables crossing the Middle East Gulf, only two — FALCON and GBI (Gulf Bridge International) — pass directly through Iranian territorial waters, …

On April 23, 2026, the EU adopted its 20th sanctions package against Russia, adding 46 vessels to the shadow fleet list, cutting off 20 more Russian banks, and putting the …

At a Glance Operational Overview Five weeks into the ceasefire, the Strait of Hormuz remains constrained, opaque, and increasingly managed through selective access. The clearest signal is the state of …

At a Glance Kharg Island loading terminals were observed fully empty for the first time since April 18, despite approximately 20 staged dark tankers nearby. for the first time since …

At a Glance Commercial shipping through Hormuz increasingly appears to be operating under dark or EMCON conditions . . IRGC fast craft activity expanded across both Hormuz corridors , including …

At a Glance One month after the ceasefire, maritime visibility across Hormuz remains severely degraded . . Dark vessel activity surged nearly 600% between April 19 and May 3. between …

At a Glance Maritime visibility across Hormuz and the Gulf of Oman deteriorated sharply following the launch of Project Freedom. following the launch of Project Freedom. Approximately 470 vessels were …

At a Glance Project Freedom begins as the U.S. moves to guide “neutral and innocent” vessels through Hormuz. as the U.S. moves to guide “neutral and innocent” vessels through Hormuz. …

At a Glance Transit through the Strait of Hormuz increased during the third week of the ceasefire , but movement remains uneven, managed, and enforcement-driven. , but movement remains uneven, …

At a Glance Transit through Hormuz increased to 20 crossings , with expanded use of both Northern and Southern Corridors . , with expanded use of both . Dark activity …

At a Glance Hormuz transit drops to 8 crossings , evenly split inbound and outbound, all with AIS active. , evenly split inbound and outbound, all with AIS active. Gulf …

At a Glance Kharg Island exports fall to ~3M barrels , well below the ~8M weekly average. , well below the ~8M weekly average. IRGC attacks and seizure of vessels …

At a Glance Two weeks into the ceasefire, the Strait of Hormuz remains active only in a restricted and highly unstable sense . . The brief signal of reopening was …

At a Glance The Iran war has brought maritime chokepoints into focus as potential control points rather than neutral transit routes . . Iran’s consideration of transit charges introduces the …

At a Glance The Iran war exposed fundamental limits in AIS -based maritime visibility . . Dark activity, AIS spoofing, and controlled routing made vessel tracking unreliable . . Multi-source …

At a Glance Strait of Hormuz traffic collapsed by 97% , stranding over 800 vessels and disrupting global oil flows. , stranding over 800 vessels and disrupting global oil flows. …

At a Glance Hormuz transit drops to just 3 vessels, the lowest level since the blockade began . . 870 vessels remain in the Gulf , with continued caution and …

At a Glance U.S. blockade enters active enforcement , with vessels reversing course following interception orders. , with vessels reversing course following interception orders. 15 vessels transited Hormuz with balanced …

At a Glance One week after the ceasefire announcement , the Strait of Hormuz has not reopened to normal commercial traffic . . Transit continues, but under controlled, selective, and …

At a Glance Day two of the U.S. blockade shows outbound-heavy transit , with 14 outbound versus 5 inbound crossings. , with outbound versus inbound crossings. Vessel behavior reflects fragmentation …

At a Glance First full day under U.S. blockade enforcement shows mixed vessel response, including continued transit, rerouting, and delays. shows mixed vessel response, including continued transit, rerouting, and delays. …

At a Glance Four days into the ceasefire, no agreement has been reached , and Hormuz remains restricted and inconsistent. , and and inconsistent. 17 vessels transited on April 11 …

At a Glance The ceasefire has not reopened the Strait of Hormuz , and transit remains tightly controlled. , and transit remains tightly controlled. Vessel movement continues through IRGC-managed routing …

At a Glance Although the US and Iran announced a two-week ceasefire overnight the risk profile for the small number of ships transiting Hormuz remains unchanged. announced a overnight the …

At a Glance Transit through Hormuz has shifted to a dual-corridor system , combining an IRGC-controlled northern route with a new southern pathway along Oman . , combining an . …

At a Glance Transit through the Strait of Hormuz increased during the week , but only under Iran’s permission-based system rather than open commercial navigation. , but only under rather …

At a Glance Transits on April 1 climbed for a third consecutive day to 16, from 11 on March 31. More countries are negotiating with Iran to get ships through, …

At a Glance Iran is consolidating its control of the permission-based route through the Strait of Hormuz that allows vessels to transit via Larak Island. The route, a selective blockade, …

At a Glance The Strait of Hormuz has shifted from open transit to a controlled, permission-based corridor , with selective access and emerging denial patterns. has shifted from open transit …

At a Glance Six AIS-transmitting vessels crossed the Strait of Hormuz under Iran’s controlled transit system, with additional dark movements likely. under Iran’s controlled transit system, with additional dark movements …

At a Glance Hormuz is no longer operating as an open transit chokepoint, but as a controlled, permission-based corridor with selective access and emerging denial patterns . is no longer …